Indian equities trade lower on global cues

April 10 (IANS) Indian equity markets had been pulled decrease right through the mid-afternoon session on Monday due to mixed global cues on the back of geo-political tensions, a slightly susceptible rupee and promoting drive in IT, client durables, and capital goods shares.

traders had been additionally cautious in advance of the upcoming fourth quarter incomes results and main macro-economic information points, which are slated to be launched during the week.

the wider 51-scrip Nifty of the national inventory exchange (NSE), which opened above its essential resistance mark of 9,200 points, fell by 12.15 factors or 0.thirteen per cent to 9,186.15 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,752.sixty two points, traded at 29,629.88 points (at 1.00 p.m.) — down seventy six.seventy three factors or zero.26 per cent from the earlier close at 29,706.61 factors.
The Sensex has thus far touched a high of 29,831.32 factors and a low of 29,624.seventy two factors throughout the intra-day change.

In contrast, the BSE market breadth was bullish — with 1,682 advances and 1,046 declines.
in line with Dhruv Desai, Director and Chief operating Officer of Tradebulls, depreciation of the rupee towards the dollar at the moment pressurised the sentiments of the equity markets.
“equity benchmarks started off the day on a positive word because the Nifty opened above the 9,200 stage, backed by using capital goods and oil advertising corporations, despite geopolitical tensions,” Desai informed IANS.

“amongst sectors, media-entertainment, textile and cement sector stocks complemented the restoration in Indian equity markets, while IT sector shares traded with bearish sentiments.”
On Friday, the NSE Nifty fell by way of 63.sixty five factors or 0.69 per cent at 9,198.30 factors, and the BSE Sensex closed at 29,706.sixty one points — down 220.seventy three points or 0.seventy four per cent.

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