Indian equities slip on profit booking, negative domestic cues

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Mumbai, Dec 12 (IANS) Profit booking, risks of upcoming global economic events and negative domestic cues pulled the Indian equities markets lower on Monday.

The key indices provisionally closed the day’s trade with losses of around a per cent each, as heavy selling pressure was witnessed in automobile, banking and oil and gas stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 90.95 points or 1.10 per cent to 8,170.80 points.

Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 26,725.31 points, provisionally closed at 26,524.46 points (at 3.30 p.m.) — down 222.72 points or 0.83 per cent from the previous close at 26,609.83 points.

The Sensex touched a high of 26,725.31 points and a low of 26,468.59 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears — with 1,529 declines and 1,103 advances.

On Friday, the equity markets were marginally lifted by firm global cues, coupled with short covering and higher crude oil prices.

The barometer index was up 52.90 points or 0.20 per cent, while the NSE Nifty edged up by 14.90 points or 0.18 per cent.

–IANS

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