Lack of any positive trigger coupled with negative macro economic data points and caution over the upcoming US rate hike subdued Indian equity markets on Wednesday.
Investors were disappointed due to lack of movement over goods and services tax (GST) bill during the winter session of parliament.
Furthermore, absence of any further cues regarding a stimulus package announcement by the European Central Bank (ECB) dented sentiments and led both the bellwether indices of the Indian equity markets to provisionally close in the red.
Initially, both the bellwether indices of the Indian equity markets opened on a firm note following US markets' positive close on Tuesday. However, the gains were capped as investors were concerned over a slowdown in demand which was indicated by a lacklustre eight core industries (ECI) and purchasing managers index (PMI) data.
Even a bearish outlook by the Reserve bank of India (RBI) regarding scheduled cuts in key lending rates depressed sentiments.
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The barometer 30-scrip sensitive index (Sensex) of the S&P Bombay Stock Exchange (BSE) provisionally closed the day's trade 74 points or 0.28 percent down.
Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) provisionally closed in the red. It was lower by 32.35 points or 0.41 percent at 7,922.55 points.
The Sensex of the BSE, which opened at 26,239.39 points, provisionally closed at 26,095.59 points (at 3.30 p.m.), down 73.82 points or 0.28 percent from the previous day's close at 26,169.41 points.
The Sensex touched a high of 26,256.42 points and a low of 26,041.68 points during the intra-day trade.
