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Business

Negative global cues drag equity markets lower

Mumbai, April 22

Negative global cues, coupled with profit booking and unwinding of long positions ahead of key quarterly results, dented the Indian equity markets on Friday.

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

The wider 50-scrip Nifty of the National Stock Exchange (NSE) ended lower by 13 points or 0.16 percent, at 7,899.30 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 25,892.49 points, provisionally closed at 25,838.14 points (3.30 p.m.) -- down 42.24 points or 0.16 percent, from the previous close at 25,880.38 points.

The Sensex touched a high of 25,922.02 points and a low of 25,771.88 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears -- with 1,312 declines and 1,244 advances.

Similarly, both the key indices had ended on a flat note during the previous trade session on Thursday. The barometer index had gained a mere 36.20 points or 0.14 percent, however, the NSE Nifty had slipped 2.70 points or 0.03 percent.