Global cues, fears of political instability dent equity indices

Arnima Dwivedi

Arnima DwivediBy Arnima Dwivedi

Published on 19 March 2018 4:34 AM GMT

Global cues, fears of political instability dent equity indices
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Global cues, fears of political instability dent equity indices
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Mumbai: Negative Asian cues -- on the prospect of higher interest rates in the US and global trade wars -- pulled the key indices of the Indian equity market lower during the early morning session on Monday.

Apart from global cues, fears of domestic political instability dented investors' risk-taking appetite. However, value buying had initially pushed the equity indices higher.

According to market observers, heavy selling pressure was witnessed in oil and gas, metals and auto stocks.

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At 9.30 a.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE traded at 33,142.37 points -- down 33.63 points, or 0.10 per cent, from its previous close of 33,176 points.

Similarly, the wider Nifty50 of the National Stock Exchange (NSE) edged-lower. It was down by 17.90 points, or 0.18 per cent, to close at 10,177.25 points.

--IANS

Arnima Dwivedi

Arnima Dwivedi

A journalist, presently working as a sub-editor with newstrack.com. I love exploring new genres of humans and humanity.

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