Caution ahead of macro-data release subdue key indices

Mumbai, Dec 12: Caution ahead of macroeconomic data points release pulled the key indices of the domestic equity markets lower during Tuesday's post afternoon trade session.

According to industry observers, heavy selling pressure was witnessed in interest sensitive stocks -- banking, auto and capital goods -- and FMCG companies.

At 1.10 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded lower by 59.45 points or 0.58 per cent at 10,262.80 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 33,426.59 points, traded at 33,287.19 points -- down 168.60 points or 0.50 per cent -- from Monday's close.

The Sensex touched a high of 33,458.41 points and a low of 33,276.02 points during the intra-day trade so far.

The BSE market breadth was bearish as only 1,003 stocks advanced against a decline of 1,532 scrips.

"Markets cooled off post three days of gains as government will announce the Consumer Price Index (CPI) and Index of Industrial Production (IIP) data later in the day," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.


Share This Post