Global cues, disappointing Q4 results drag equities lower

Mumbai, April 13 : Rising geopolitical tensions, coupled with disappointing fourth quarter results of an IT major dragged the Indian equity markets lower during the mid-afternoon trade session on Thursday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) dipped by 31.20 points or 0.34 per cent to 9,172.25 points.

The 30-scrip Sensitive Index (Sensex) of the BSE traded lower by 142.45 points or 0.48 per cent.

The S&P BSE Sensex, which opened at 29,637.12 points, traded at 29,501.03 points (1.30 p.m.) from Wednesday's close at 29,643.48 points.

The Sensex touched a high of 29,660.48 points and a low of 29,500.53 points during the intra-day trade so far.

"The benchmark indices opened marginally lower today tracking weak global cues.A Geopolitical risks is currently pressurizing the market sentiments," Dhruv Desai, Director and Chief Operating Officer of Tradebulls, told IANS.

"Shares of Infosys fell sharply in intra-day by more than three per cent as investors reacted negatively to the company's lower than expected results."