Profit booking subdues equity markets

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Mumbai, July 21 (IANS) Profit booking and upcoming global event risks suppressed the Indian equity markets on Thursday.

Consequently, the key indices provisionally closed in the red, as heavy selling pressure was witnessed in banking, healthcare and capital goods stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down by 57.50 points or 0.67 per cent to 8,508.35 points.

The barometer 30-scrip sensitive index (Sensex) which opened at 27,980.07 points, provisionally closed at 27,710.52 points (at 3.30 p.m.) — down 205.37 points or 0.74 per cent from the previous close at 27,915.89 points.

It touched a high of 27,988.76 points and a low of 27,687.54 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears — with 1,584 declines and 1,100 advances.

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On Wednesday, the benchmark indices ended in the green, prompted by value buying and healthy inflow of foreign funds. The barometer index closed higher by 128.27 points or 0.46 per cent, while the Nifty edged up by 37.30 points or 0.44 per cent.



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