Global cues continue to weigh heavy on equity markets

Mumbai: Despite better-than-expected macro-economic growth indicators, the key Indian equity indices provisionally closed in the red on Thursday as weak global cues and outflow of foreign funds eroded the risk-taking appetite of investors.

At 3.30 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE provisionally closed at 34,046.94 points — down 137.10 points, or 0.40 per cent, from its previous close of 34,184.04 points.

Similarly, the wider Nifty50 of the National Stock Exchange (NSE) edged lower during the day’s trade session. It receded by 41.75 points, or 0.40 per cent, to close at 10,451.10 points.

“Equity markets opened on a positive note, following better-than-expected economic growth, but later erased gains and traded lower post the first half an hour of the day’s trade session,” said Dhruv Desai, Director and Chief Operating Officer of Tradebulls.