Selling pressure subdues equities indices

Mumbai, March 3 (IANS) Indian equities markets traded on a lower note during the early morning trade session on Friday, as heavy selling pressure was witnessed in automobile, banking and fast moving consumer goods (FMCG) stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched lower by 30.25 points or 0.34 per cent, to 8,869.50 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,827.50 points, traded at 28,773.19 points (10.10 a.m.) — down 66.60 points or 0.23 per cent from the previous close at 28,839.79 points.

The Sensex touched a high of 28,847.97 points and a low of 28,736.10 points during the intra-day trade so far.

On Thursday, the benchmark indices were subdued as heavy selling pressure was witnessed in banking, healthcare, and oil and gas stocks.

The NSE Nifty slipped by 46.05 points or 0.51 per cent to 8,899.75 points, and the barometer BSE Sensex was down 144.70 points or 0.50 per cent to 28,839.79 points.