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Selling pressure in metal stocks, weak macro-data subdue equities

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  16 Nov 2017 12:00 AM GMT

Mumbai, Nov 15: Key Indian equity indices on Wednesday provisiolly closed in the red as investors’ sentiments were subdued on the back of heavy selling pressure in metal stocks along with negative global cues and disappointing domestic macro-data released a day before.

The wider Nifty50 of the tiol Stock Exchange (NSE) fell by 68.55 points, or 0.67 per cent, to provisiolly close (at 3.30 p.m.) at 10,118.05 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,944.94 points, closed at 32,760.44 points — down 181.43 points or 0.55 per cent — from Tuesday’s close.

The Sensex touched a high of 32,944.94 points and a low of 32,683.59 points during intra-day trade. The BSE market breadth was bearish — 1,925 declines and 783 advances. On Tuesday, the benchmark indices closed in the red for the second consecutive session. The NSE Nifty50 dipped by 38.35 points, or 0.38 per cent, to close at 10,186.60 points, while the Sensex closed at 32,941.87 points — down 91.69 points or 0.28 per cent. (IANS)

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