Profit booking subdues equity markets

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Mumbai, Oct 19 (IANS) Profit booking, negative global indices and caution over the ongoing quarterly results season subdued the Indian equity markets on Wednesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) fell by 18.80 points or 0.22 per cent to 8,659.10 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,112.36 points, provisionally closed at 27,984.37 points (at 3.30 p.m.) — down 66.51 points or 0.24 per cent from the previous close at 28,050.88 points.

The Sensex touched a high of 28,131.07 points and a low of 27,926.17 points during the intra-day trade.

In contrast, the BSE market breadth was tilted in favour of the bulls — with 1,636 advances and 1,176 declines.

On Tuesday, the equity markets made substantial gains on the back of bargain hunting, positive global indices and fresh inflow of foreign funds.

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The barometer index had gained 520.91 points or 1.89 per cent to 28,050.88 points, while the NSE Nifty edged higher by 157.50 points or 1.85 per cent to 8,677.90 points.



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