Profit Booking Subdues Equity Markets
MUMBAI: Profit booking, along with a political logjam in Parliament over the demonetisation drive and lower European markets, subdued the Indian equities markets on Thursday.
However, higher global crude oil prices, buoyant Asian markets, appreciation in rupee and largely positive macro-economic data arrested any major falls.
The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged lower by 31.60 points or 0.38 pct to 8,192.90 points.
The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,756.66 points, provisionally closed at 26,559.92 points (at 3.30 p.m.) -- down 92.89 points or 0.35 pct from the previous close at 26,652.81 points.
The Sensex touched a high of 26,769.32 points and a low of 26,540.82 points during the intra-day trade.
The BSE market breadth was skewed in favour of the bears -- with 1,406 declines and 1,149 advances.
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