Profit booking dents equity markets

Profit booking dents equity markets

Mumbai, Sep 23 (IANS) Profit booking and mixed global sentiments depressed the Indian equity markets during the early morning trade session on Friday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 8.20 points or 0.09 per cent to 8,859.25 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,810.32 points, traded at 28,751.54 points (at 9.30 a.m.) — down 21.59 points or 0.08 per cent from the previous close at 28,773.13 points.

The Sensex has so far touched a high of 28,825.09 points and a low of 28,714.93 points during the intra-day trade.

In contrast, the BSE market breadth was tilted in favour of the bulls — with 848 advances and 555 declines.

On Thursday, both the key indices had made gains of around a per cent each on the back of positive global cues, fresh inflow of foreign funds, healthy macro economic data and a strong rupee.

The barometer index had gained 265.71 points or 0.93 per cent to 28,773.13 points, while the NSE Nifty by 90.30 points or 1.03 per cent to 8,867.45 points.

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