Profit bookings subdue markets; Sensex down 145 points (Third Lead)

Mumbai, Dec 22 (IANS) Profit bookings, coupled with political turmoil and upcoming US macro-data amidst thin volumes, subdued Indian equity markets on Tuesday.

This led a barometer index of the Indian equity markets to provisionally close 145 points down during the day’s trade.

Initially, both the bellwether indices of the Indian equity markets opened on a flat note in sync with their Asian peers.

Both the key indices, however, recovered on the back of some stock-specific buying and lower crude oil prices during the mid-afternoon trade session.

But they soon ceded their gains, as profit bookings, parliamentary logjam and upcoming US macro-data subdued investors’ sentiments.

In addition, the delay in passage of the crucial GST (Goods and Services Tax) bill continued to eroded investors’ confidence.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE) provisionally closed the day’s trade lower by 145 points.

Similarly, the wider 50-scrip Nifty of the National Stock Exchange (NSE) closed in the red. It ended lower by 48.10 points or 0.61 percent at 7,786.35 points.

The Sensex of the S&P Bombay Stock Exchange (BSE), which opened at 25,731.07 points, provisionally closed at 25,590.65 points (at 3.30 p.m.) — down 145.25 points or 0.56 percent from the previous day’s close at 25,735.90 points.

The Sensex touched a high of 25,787.21 points and a low of 25,485.17 points during the intra-day trade.

The Sensex had closed the previous session on Monday, up 216.68 points or 0.85 percent, while the Nifty ended higher by 72.50 points or 0.93 percent.

Related Posts

Leave a Reply