Profit booking, negative global cues subdue equity markets

 

Mumbai, April 1  Profit booking, coupled with negative global cues and caution ahead of key macro-economic data, subdued the Indian equity markets on Friday.

Consequently, both the key indices of the Indian equity markets provisionally closed the day's trade in the red.

The wider 50-scrip Nifty of the National Stock Exchange (NSE) ended in the negative territory. It dipped by 24.40 points or 0.32 percent, at 7,714 points.

The barometer 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 25,301.70 points, provisionally closed at 25,271.58 points (at 3.30 p.m.)-- down 70.28 points or 0.28 percent from the previous day's close at 25,341.86 points.

The Sensex touched a high of 25,354.94 points and a low of 25,119.35 points during the intra-day trade.

In contrast, the BSE market breadth favoured the bulls- with 1,708 advances and 832 declines.

The barometer index had closed flat on Thursday. It inched up a mere 3.28 points or 0.01 percent.