Negative Asian indices depress Indian equity markets

Caution ahead of key international monetary policy meets, coupled with negative Asian indices, depressed the Indian equity markets on Wednesday.Consequently, the key indices of the Indian equity markets traded flat during the early morning trade session.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) inched up 6.65 points or 0.08 percent, at A7,969.30 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,956.42 points, traded at 25,992.12 points (at 9.45 a.m.) -- down 15.18 points or 0.06 percent from the previous close at 26,007.30 points.

The Sensex has so far touched a high of 26,022.92 points and a low of 25,885.24 Apoints during the intra-day trade.

In contrast, the BSE market breadth was tilted in favour of bulls -- with 963 advances and 503 declines.

Both the key Indian indices had ended on a higher note during the previous trade session on Tuesday. The barometer index had gained 328 points or 1.28 percent.A

Similarly, the NSE Nifty had risen by 108 points or 1.37 percent.