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Indian equities close flat, banking stocks slip
The Indian equity markets on Tuesday trimmed gains to provisionally close on a flat-to-negative note as investors booked profits and banking and FMCG stocks witnessed selling pressure.
Mumbai: The Indian equity markets on Tuesday trimmed gains to provisionally close on a flat-to-negative note as investors booked profits and banking and FMCG stocks witnessed selling pressure.
However, positive European markets and healthy buying in consumer durables, IT and oil and gas stocks limited the downside.
The wider Nifty of the National Stock Exchange (NSE) inched lower by 4.05 points, or 0.04 per cent, to provisionally close (at 3.30 p.m.) at 9,653.50 points.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,392.53 points, closed at 31,297.53 points -- down 14.04 points, or 0.04 per cent, from its previous close at 31,311.57 points.
The Sensex touched a high of 31,392.53 and a low of 31,261.49 points during intra-day trade.
The BSE market breadth was bearish -- with 1,430 declines and 1,230 advances.
