Indian equities markets provisionally end flat

Mumbai, Sep 14 (IANS) The Indian equities markets provisionally closed on a flat note on Wednesday, as negative global cues, disappointing factory output data for July and profit booking dented investors’ sentiments.

Both the key indices managed to end the day’s trade — slightly in the green, as value buying at lower levels and short covering aided in recovery.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 11 points or 0.13 per cent to 8,726.60 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,345.49 points, provisionally closed at 28,372.23 points (at 3.30 p.m.) — up 18.69 points or 0.07 per cent from its previous close at 28,353.54 points.

The Sensex touched a high of 28,416.41 points and a low of 28,259.38 points during the intra-day trade.

However, the BSE market breadth was tilted in favour of the bulls — with 1,754 advances and 961 declines.

On Monday, both the key Indian indices were dragged lower by increased possibility of a US rate hike, coupled with profit-booking and outflow of foreign funds.

The barometer index had plunged by 443.71 points or 1.54 per cent, while the NSE Nifty dipped by 151.10 points or 1.70 per cent.

The Indian equity markets were closed on Tuesday on account of Eid-ul-Zuha.

–IANS

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