Disappointing Q3 results, global cues drag equities lower
Mumbai, Feb 15 (IANS) Increased chances of an upcoming US rate hike, along with disappointing quarterly results, dragged the Indian equities markets lower on Wednesday.
The key domestic indices provisionally closed more than half a per cent down, as heavy selling pressure was witnessed in automobile, healthcare and consumer durables’ stocks.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) fell by 67.60 points or 0.77 per cent to 8,724.70 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,270.11 points, provisionally closed at 28,155.56 points (at 3.30 p.m.) — down 183.75 points, or 0.65 per cent, from the previous close at 28,339.31 points.
The Sensex touched a high of 28,382.32 points and a low of 28,102.23 points during the intra-day trade.
The BSE market breadth was skewed in favour of the bears — with 2,143 declines and 698 advances.
On Tuesday, the NSE Nifty fell by 12.75 points or 0.14 per cent to 8,792.30 points, and the BSE Sensex closed 12.31 points, or 0.04 per cent down at 28,339.31 points.