Sensex tumbles on negative global cues, profit taking

Mumbai: Negative global cues and profit taking after some handsome gains in the previous day spooked key Indian equity markets on Thursday. Consequently, the key indices provisionally closed the day's trade in the red, as heavy selling pressure was witnessed in banking, automobile and capital goods stocks. The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down by 65.85 points or 0.80 per cent, at 8,140.75 points. The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,686.03 points, provisionally closed at 26,525.46 points (at 3.30 p.m.) -- down 200.88 points or 0.75 per cent from the previous close at 26,726.34 points. The Sensex touched a high of 26,686.03 points and a low of 26,314.91 points during intra-day trade. The BSE market breadth was skewed in favour of the bears -- with 1,633 declines and 965 advances. Both the key Indian indices had ended on a higher note during the previous trade session on Wednesday. The barometer index had surged by 330.63 points or 1.25 per cent, while the Nifty had risen by 97.75 points or 1.21 per cent.