Equity indices trade lower on weak global cues UPL dips 12 pc

Equity benchmark indices eased from a record high during early hours on December 10 following steep falls on Wall Street overnight and negative bias in Asian markets. At 10:15 am, the BSE S&P Sensex was down by 340 points or 0.74 per cent at 45,764 while the Nifty 50 lowered by 120 points or 0.89 per cent at 13,409. All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank down by 2.9 per cent, realty by 1.7 per cent, metal by 1.4 per cent and IT by 0.6 per cent. Among stocks, agricultural solutions provider UPL dipped by 11.85 per cent to Rs 434.25 per share after yesterday's phenomenal gain.