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Indian equities slip on profit booking, negative domestic cues

New Delhi, Mon, 12 Dec 2016 NI Wire

The Indian equities markets pulled lower by profit booking, risks of upcoming global economic events and negative domestic cues.

The Indian equities markets also facing some ups and downs due to the demonetisation issue that it affects the economy of the country and globally it is resulting as some good day or bad day.

As heavy selling pressure was witnessed in automobile, banking and oil and gas stocks the key indices provisionally closed the day’s trade with losses of around a percent each.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 26,725.31 points, provisionally closed at 26,524.46 points (at 3.30 p.m.) – down 222.72 points or 0.83 percent from the previous close at 26,609.83 points.

Similarly, the wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 90.95 points or 1.10 percent to 8,170.80 points.

During the intra-day trade, the Sensex touched a high of 26,725.31 points and a low of 26,468.59 points.

The BSE market breadth was tilted in favour of the bears with 1,529 declines and 1,103 advances.

On Friday, the equity markets were marginally lifted by firm global cues, coupled with short covering and higher crude oil prices.

The barometer index was up 52.90 points or 0.20 percent, while the NSE Nifty edged up by 14.90 points or 0.18 percent.

--with agencies inputs


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