Caution over Q2 dents Markets, BSE Sensex slips by 63 Points

Mumbai, Oct 13: Caution over the ongoing results season and weak global cues coupled with reduced chances of a lending rate cut depressed investors leading to a barometer index of the Indian equities provisionally closing 63 points down on Tuesday.

Both the Indian bellwether indices had opened lower due to negative import-export data coming out of China. Even the healthy domestic macro data points released a day earlier were not able to arrest the slide in the day’s trade.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) also closed marginally in the red. It was lower by 17 points or 0.21 percent at 8,126.60 points.

The barometer 30-scrip sensitive index (S&P Sensex) of the Bombay Stock Exchange (BSE), which opened at 26,874.29 points, provisionally closed at 26,841.06 points (at 3.30 p.m.) — 63.05 points or 0.23 percent down from its previous close at 26,904.11 points.

The BSE Sensex touched a high of 26,918.52 points and a low of 26,719.10 points during the intra-day trade. The barometer index closed on Monday with a loss of 175 points or 0.65 percent.