Geo-political concerns pull Indian equities lower

Global geo-political tensions, a weak rupee and selling pressure in IT, consumer durables, and Teck (technology, media and entertainment) stocks pulled the domestic equity markets lower on Monday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) fell by 16.85 points or 0.18 per cent to 9,181.45 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 29,752.62 points, provisionally closed at 29,575.74 points (at 3.30 p.m.) — down 130.87 points or 0.44 per cent from the previous close at 29,706.61 points.

The Sensex touched a high of 29,831.32 points and a low of 29,553.04 points during the intra-day trade.

In contrast, the BSE market breadth was bullish — with 1,746 advances and 1,142 declines.

On Friday, the NSE Nifty fell by 63.65 points or 0.69 per cent at 9,198.30 points, and the BSE Sensex closed at 29,706.61 points — down 220.73 points or 0.74 per cent.

FIIs net sell Rs 716.19 Cr in equities and DIIs net Buy 201.69 Cr in equities.

FII positions in Index puts, futures and calls.

Nifty Put Call Ratio (PCR) data shows support at 9100 and resistance at 9200

(With agency inputs)