Mumbai, May 2 (IANS) Despite positive global cues and healthy domestic macro-economic data, Indian equity markets provisionally closed in the negative on Tuesday, as heavy selling pressure was witnessed in healthcare and capital goods stocks.
The barometer 30-scrip BSE Sensitive index (Sensex) slipped below the psychologically important 30,000-point mark, however, the wider NSE Nifty retained its position above the 9,300-point level.
Besides, investors were cautious ahead of the two-day US Federal Open Market Committee meet scheduled to start later in the evening.
The 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 9.75 points or 0.10 per cent at 9,313.80 points.
The BSE Sensex, which opened at 30,021.49 points, provisionally closed at 29,921.18 points (at 3.30 p.m.) -- up a tad 0.64 points or 0.01 per cent from its previous close at 29,918.40 points.
The Sensex touched a high of 30,069.24 points and a low of 29,804.12 points during the intra-day trade.
The BSE market breadth was bearish -- with 1,535 declines and 1,358 advances.
Last week, the benchmark indices closed on a lower note on the back of huge outflow of foreign funds and weak global cues.
The NSE Nifty fell by 38.10 points or 0.41 per cent to close at 9,304.05 points, while the Sensex closed at 29,918.40 points -- down 111.34 points or 0.37 per cent.
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.