Equity markets slip on profit booking

Mumbai, Sep 21: Indian equity markets succumbed to profit booking to provisionally close the day's trade on a flat note on Wednesday.

Heavy selling pressure was withnessed in FMCG and banking stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 1.25 points or 0.01 per cent, to 8,777.15 points.

In contrast, the barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,554.38 points, provisionally closed at 28,507.42 points (at 3.30 p.m.) -- down 15.78 points or 0.06 per cent from the previous close at 28,523.20 points. 

The Sensex touched a high of 28,689.36 points and a low of 28,462.33 points during the intra-day trade. 

However, the BSE market breadth was tilted in favour of the bulls -- with 1,405 advances and 1,277 declines.

On Tuesday, the benchmark indices had ended in the red due to caution ahead of major global financial events and profit-booking.

The barometer index had slipped by 111.30 points or 0.39 per cent, while the NSE Nifty edged down 32.50 points, or 0.37 per cent.