Indian equities close flat on global cues

Mumbai, June 3 (IANS) The Indian equity markets closed flat on Friday owing to mixed global cues.

Both the key indices provisionally closed the day’s trade on a flat note. Healthy buying was witnessed in banking and automobile stocks, whereas scrip of consumer durables, capital goods and healthcare came under heavy selling pressure.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up tad, by 1.85 points or 0.02 per cent, at 8,220.80 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,919.23 points, provisionally closed at 26,843.03 points (at 3.30 p.m.) — up a mere 0.11 points with no percentage change from the previous close at 26,843.14 points.

The Sensex touched a high of 27,008.14 points and a low of 26,792.07 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bears — with 1,522 declines and 1,097 advances.

The key Indian indices had closed at a fresh seven-month closing-high on Thursday. Both the key indices had ended with appreciable gains followed by short covering and lower-level value buying.

The Sensex had surged 129.21 points or 0.48 percent, while the NSE Nifty had gained 39 points or 0.48 percent.

–IANS

ppg/vt

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