Profit Booking Dents Equity Markets
MUMBAI: Profit booking and mixed global sentiments depressed the Indian equity markets during the early morning trade session on Friday.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 8.20 points or 0.09 Pct to 8,859.25 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,810.32 points, traded at 28,751.54 points (at 9.30 a.m.) -- down 21.59 points or 0.08 Pct from the previous close at 28,773.13 points.
The Sensex has so far touched a high of 28,825.09 points and a low of 28,714.93 points during the intra-day trade.
In contrast, the BSE market breadth was tilted in favour of the bulls -- with 848 advances and 555 declines.
On Thursday, both the key indices had made gains of around a Pct each on the back of positive global cues, fresh inflow of foreign funds, healthy macro economic data and a strong rupee.
The barometer index had gained 265.71 points or 0.93 Pct to 28,773.13 points, while the NSE Nifty by 90.30 points or 1.03 Pct to 8,867.45 points.
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