Early trade: Negative global cues depress equity markets

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Mumbai, Aug 16, 2016: Negative global cues, along with profit booking, depressed the Indian equity markets during the early morning session on Tuesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 2.30 points or 0.03 per cent to 8,669.85 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,190.04 points, traded at 28,163.51 points (at 9.35 a.m.) — up only 11.11 points or 0.04 per cent from the previous close at 28,152.40 points.

The Sensex has so far touched a high of 28,193.46 points and a low of 28,090.85 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls — with 882 advances and 770 declines.

Both the key Indian indices had made gains during the previous trade session on Friday, on the back of positive global cues, coupled with higher crude oil prices and healthy inflow of foreign funds.

The barometer index had closed higher by 292.80 points or 1.05 per cent to A28,152.40 points, while the NSE Nifty edged up by 80 points or 0.93 per cent to 8,672.15 points.

Wefornews Bureau

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