Menu
Search

Profit Booking Subdues Equity Markets

Thursday, December 1, 2016
38
Separator
41
Separator
52
Separator
13
Separator
Print Print Email Email

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.

Read Also:
Tata Power To Sell PT Arutmin Stake For $247 Mn
GST To Spur Double-Digit Growth In Hiring Across Sectors'


Source: IANS
Write your comment now
Submit Reset
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Captcha
Type the characters you see in the picture
  Submit
Sign Up for DailyDose and Read the Day's Highlights
Email:
Social Media