Lack of participation subdues markets, Sensex closes flat (Third Lead)

Mumbai, Dec 24 (IANS) Lack of investors’ participation, coupled with the ongoing political turmoil and delay in the passage of a key economic legislation, subdued Indian equity markets on Thursday.

This led a barometer index of the Indian equity markets to provisionally close flat, a day after it made healthy gains of nearly 260 points.

Latest data with the stock exchanges showed that the volumes in cash markets across key bellwether indices eased to the Rs.16,000 crore in the last couple of trading sessions from a robust Rs.20,000 crore levels seen last week.

In addition, the government’s inability to get the crucial GST (Goods and Services Tax) bill passed during the winter session of parliament continued to eroded investors’ confidence.

Besides, investors were cautious regarding the third quarter earnings season.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) provisionally close flat during the day’s trade.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) closed flat. It marginally declined by 2.80 points or 0.04 percent at 7,863.15 points.

The Sensex of the S&P BSE, which opened at 25,893.84 points, provisionally closed at 25,842.44 points (at 3.30 p.m.) – down 7.86 points or 0.03 percent from the previous day’s close at 25,850.30 points.

The Sensex touched a high of 25,922.47 points and a low of 25,763.40 points during the intra-day trade.

The Sensex had closed the previous session on Wednesday, up 259.65 points or 1.01 percent, while the Nifty ended higher by 79.85 points or 1.03 percent.

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