Indian equities slip on negative global cues

Mumbai, Jan 30 (IANS) Negative global cues pulled the Indian equities markets lower on Monday.

The key indices provisionally closed in the red — on a flat-to-negative note, as heavy selling pressure was witnessed in stocks of automobile, banking and consumer durables.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched down by 8.50 points or 0.10 per cent, to 8,632.75 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,866.80 points, provisionally closed at 27,849.56 points (at 3.30 p.m.) — down 32.90 points or 0.12 per cent from the previous close at 27,882.46 points.

The Sensex touched a high of 27,947.37 points and a low of 27,813.32 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears — with 1,573 declines and 1,174 advances.

On Friday last week, inflow of foreign funds and positive Asian indices pushed the benchmark indices to their highest levels in around three months.

The NSE Nifty had risen by 38.50 points or 0.45 per cent, to close at 8,641.25 points, while the BSE Sensex was up 174.32 points or 0.63 per cent.