Equity indices edge down, Sensex drops 60 points at 36,517

Sensex down

Mumbai, Sep 4 : The Sensex and the Nifty slipped into the red after opening Wednesday’s session little changed from Tuesday’s close.

The Sensex slipped 60 points or 0.16 per cent to quote at 36,517, while the Nifty was trading at 10,773, down 24 points or 0.23 per cent lower.

The top gainers in the Sensex pack were SBI, ITC, Vedanta, Bharti Airtel and L&T, while the laggards were Sun Pharma, which dropped 3.63 per cent, Tata Motors (down 2.66 per cent), IndusInd Bank (down 2.54 per cent), Maruti (down 1.31 per cent) and Asian Paints (down 1.27 per cent).

Nifty PSU Bank and metal index recovered after heavy selling on Tuesday.

Weak growth numbers released over the weekend resulted in a bruising stock sell-off on Tuesday, erasing 770 points from Sensex.

Investors reacted to the data released on Friday which showed that India grew at its weakest pace since 2013 between April and June.

Besides, poor monthly auto sales data and weak core sector data added heightened fear in the equity markets.

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