Profit Booking, Negative Global Cues Subdue Equity Markets
By IANS
MUMBAI: Profit booking, coupled with negative global cues and caution ahead of key macro-economic data, subdued the Indian equity markets on Friday.
Consequently, both the key indices of the Indian equity markets provisionally closed the day's trade in the red.
The wider 50-scrip Nifty of the National Stock Exchange (NSE) ended in the negative territory. It dipped by 24.40 points or 0.32 percent, at 7,714 points.
The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 25,301.70 points, provisionally closed at 25,271.58 points (at 3.30 p.m.)-- down 70.28 points or 0.28 percent from the previous day's close at 25,341.86 points.
The Sensex touched a high of 25,354.94 points and a low of 25,119.35 points during the intra-day trade.
In contrast, the BSE market breadth favoured the bulls- with 1,708 advances and 832 declines.
The barometer index had closed flat on Thursday. It inched up a mere 3.28 points or 0.01 percent.
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