Sensex, Nifty trade marginally down on weak macro data, global cues
At 11:22 hours, the Sensex was trading down 27.14 points, or 0.10%, at 26,369.63 on the BSE.
Disappointing macro-economic inflation data, along with negative global cues, depressed the Indian equity markets on Tuesday.
Consequently, the key indices of the Indian equity markets traded flat -- marginally in the green, during the early morning session.
Heavy selling pressure was witnessed in information technology (IT), telecom and technology, entertainment and media (Tech) stocks.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 4.85 points or 0.06%, at 8,115.45 points in the early morning session.
However, at 11:19 hours, the Nifty was trading down 11.65 points, or 0.14%, at 8,098.95 on the NSE.
The barometer 30-scrip sensitive index Sensex of the Bombay Stock Exchange (BSE), which opened at 26,482.50 points, traded at 26,423.48 points (at 09:30 am) -- up 26.71 points or 0.10% from the previous close at 26,396.77 points.
However, at 11:22 hours, the Sensex was trading down 27.14 points, or 0.10%, at 26,369.63 on the BSE.
The Sensex has so far touched a high of 26,485.45 points and a low of 26,387.05 points during the intra-day trade.
In contrast, the BSE market breadth was skewed in favour of the bears -- with 1,545 declines and 953 advances.
Both the key Indian indices had ended on a lower note during the previous trade session on Monday.
The barometer index had fallen by 238.98 points, or 0.90%, while the NSE Nifty had slipped by 59.45 points or 0.73%.