Equity indices trade in red, TCS top loser

Key Indian equity indices on Thursday traded in the red during the mid-afternoon trade session with heavy selling pressure in consumer durables, capital goods and metal stocks.

IT major Tata Consultancy Services (TCS) was the top loser on the BSE market breadth -- down almost 3 per cent -- followed by Wipro, NTPC, Larsen and Toubro and Power Grid.

Around 1.15 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded lower by 9.05 points or 0.09 per cent at 10,183.90 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,114.69 points, traded at 33,020.49 points -- down 32.55 points or 0.10 per cent -- from its previous close.

The Sensex touched a high of 33,169.74 points and a low of 32,886.93 points during the intra-day trade so far.

The BSE market breadth was bearish -- 1,718 declines and 769 advances.

"US Federal Reserve overnight raised interest rates by 25 basis points in Janet Yellen's last policy meeting, resulting in Indian markets giving up all the pre-opening gains," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

On Wednesday, the key indices ended a volatile trade session in the red as investors booked profits.

The NSE Nifty50 fell by 47.20 points or 0.46 per cent to close at 10,192.95 points, while the 30-scrip Sensitive Index (Sensex) of the BSE closed at 33,053.04 points -- down 174.95 points or 0.53 per cent.

--IANS

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