Profit Booking Dents Equity Markets
MUMBAI: Profit booking, along with negative global cues suppressed the Indian equity markets on Friday.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 35.90 points or 0.40 pct to 8,831.55 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,810.32 points, provisionally closed at 28,668.22 points (at 3.30 p.m.) -- down 104.91 points or 0.36 pct from the previous close at 28,773.13 points.
The Sensex touched a high of 28,825.09 points and a low of 28,627.38 points during the intra-day trade.
The BSE market breadth was tilted in favour of the bears -- with 1,496 declines and 1,166 advances.
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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