Profit booking drags equity markets lower (Third Lead)

Mumbai, May 3 (IANS) Profit booking, along with caution over upcoming quarterly results and negative global cues, dragged the Indian equity markets lower on Tuesday.

Consequently, the key indices of the Indian equity markets provisionally closed the day’s trade in the red.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) ended 58.90 points or 0.75 percent down, at 7,747 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,500.14 points, provisionally closed at 25,229.70 points (at 3.30 p.m.) — down 207.27 points or 0.81 percent from the previous close at 25,436.97 points.

The Sensex touched a high of 25,705.96 points and a low of 25,192.94 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears — with 1,484 declines and 1,155 advances.

On Monday, while the Sensex ended 169.65 points, or 0.66 percent down, the Nifty fell 43.90 points, or 0.56 percent.

–IANS

rv/vt

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