Key Indian equity indices close in red, NSE 0.50% low

Mumbai: After five consecutive sessions of trading with gains, the key Indian equity indices on Wednesday provisionally closed in the red on the back of broadly negative global cues and heavy selling pressure in consumer durables, auto and banking stocks.

The wider Nifty50 of the National Stock Exchange (NSE) edged lower by 4.80 points or 0.05 per cent to provisionally close trade (at 1530 hours) at 10,632.20 points.

The barometer 30-scrip Sensitive Index (Sensex) of the Bombay Stock Exchange (BSE), which opened at a record high level of 34,538.78 points, touched a fresh high of 34,565.63 points on an intra-day basis.

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The Sensex provisionally closed at 34,433.07 points -- down 10.12 points or 0.03 per cent -- from its previous session's close.

The BSE market breadth was bearish as 1,607 stocks declined as compared to 1,319 advances.

On Tuesday, the key indices closed at fresh highs with subtle gains on the back of positive global cues and optimism over the upcoming quarterly earnings result season, as well the Union Budget.

The Nifty50 rose by 13.40 points or 0.13 per cent to close at a new high of 10,637 points, while the Sensex closed at 34,443.19 points -- up 90.40 points or 0.26 per cent.

--IANS