Indian equity indices slip further; Sensex closes below 32,000-mark, Nifty loses 70 points
Indian equity markets slipped further today amid weak global cues and selling pressure from investors in healthcare, automobile and banking stocks. The benchmark BSE Sensex closed below the 32,000-mark plunging over 200 points while Nifty closed below magical 10,000-mark for the second consecutive day.
The Sensex lost 216.35 points, or 0.68 per cent to close at 31,797.84. It touched a high of 31,967.28 points and a low of 31,731.91 points during the intra-day trade.
The broader NSE Nifty of the National Stock Exchange (NSE) lost 70.50 points or 0.71 per cent to close at 9,908.05 points.
Tension flared up between the United States and North Korea over Pyongyang's ballistic missile programme, which cast a shadow on domestic as well as overseas stocks. Globally, Asian stocks ended lower and European shares were down in their early deals.
Yesterday, the benchmark indices fell following a surprise regulatory directive by Securities and Exchange Board of India (SEBI), coupled with broadly negative global cues.
The Nifty fell by 78.85 points or 0.78 per cent to close at 9,978.55 points, while the Sensex closed at 32,014.19 points -- down 259.48 points, or 0.80 per cent.