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Profit booking suppresses Indian equities

Maharashtra,Business/Economy, Mon, 19 Dec 2016 IANS
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Mumbai, Dec 19 (IANS) Profit booking, coupled with broadly negative global indices and a weak rupee, subdued the Indian equities markets on Monday.

The key indices provisionally closed in the red, as heavy selling pressure was witnessed in consumer durables, healthcare and automobile stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down by 35.10 points or 0.43 per cent at 8,104.35 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 26,505.66 points, provisionally closed at 26,374.70 points (at 3.30 p.m.) -- down 114.86 points or 0.43 per cent from the previous close at 26,489.56 points.

The Sensex touched a high of 26,505.66 points and a low of 26,340.38 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears -- with 1,543 declines and 1,086 advances.

The equity markets were dragged lower by broadly negative global markets, coupled with an outflow of foreign funds, on Friday last week.

The barometer index was down 29.51 points or 0.11 per cent, while the NSE Nifty inched down by 14.15 points or 0.17 per cent.

--IANS

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