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Weak global cues drag Indian equities lower

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IANS Mumbai
Last Updated : Dec 20 2016 | 3:58 PM IST

Weak global indices, coupled with foreign fund outflows and rupee depreciation, dragged the Indian equity markets lower on Tuesday.

The key indices provisionally closed on a flat note -- marginally in the red, as heavy selling pressure was witnessed in banking, healthcare and automobile stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 21.95 points or 0.27 per cent to 8,082.40 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 26,374.56 points, provisionally closed at 26,307.98 points (at 3.30 p.m.) -- down 66.72 points or 0.25 per cent from the previous close at 26,374.70 points.

The Sensex touched a high of 26,435.56 points and a low of 26,241.43 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bears -- with 1,756 declines and 850 advances.

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On Monday, the barometer index had closed lower by 114.86 points or 0.43 per cent, while the NSE Nifty inched down by 35.10 points or 0.43 per cent.

--IANS

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(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Dec 20 2016 | 3:48 PM IST

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