Profit booking, negative global cues subdue equity markets

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Mumbai, April 1 (IANS) Profit booking, coupled with negative global cues and caution ahead of key macro-economic data, subdued the Indian equity markets on Friday.

Consequently, both 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 in the negative territory. It dipped by 24.40 points or 0.32 percent, at 7,714 points.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 25,301.70 points, provisionally closed at 25,271.58 points (at 3.30 p.m.)– down 70.28 points or 0.28 percent from the previous day’s close at 25,341.86 points.

The Sensex touched a high of 25,354.94 points and a low of 25,119.35 points during the intra-day trade.

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In contrast, the BSE market breadth favoured the bulls- with 1,708 advances and 832 declines.

The barometer index had closed flat on Thursday. It inched up a mere 3.28 points or 0.01 percent.

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