Profit booking subdues equity markets

Mumbai, Aug 4 (IANS) Profit booking, along with negative Asian indices and a weak rupee, subdued the Indian equity markets on Thursday.

However, a fresh bout of buying support and short covering during the last hour of the day’s trade saw the key indices closing on a flat-to-positive note.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 18.55 points or 0.22 per cent to 8,563.40 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 27,899.88 points, provisionally closed at 27,714.37 points (at 3.30 p.m.) — up 16.86 points or 0.06 per cent from the previous close at 27,697.51 points.

The Sensex touched a high of 27,921.91 points and a low of 27,627.97 points during the intra-day trade.

The BSE market breadth tilted in favour of the bulls during the second half of the session, closing with 1,444 advances and 1,258 declines.

The key indices had ended in the red during the previous trade session on Wednesday due to profit booking and weak global cues.

The barometer index had plunged by 284.20 points or 1.02 per cent, while the NSE Nifty edged lower by 78.05 points or 0.91 per cent.

–IANS

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