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Profit booking subdues equity markets

IANS  |  Mumbai 

Profit booking, along with a political logjam in over the drive and lower European markets, subdued the Indian equities markets on Thursday.

However, higher global crude oil prices, buoyant Asian markets, appreciation in rupee and largely positive macro-economic data arrested any major falls.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged lower by 31.60 points or 0.38 per cent to 8,192.90 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,756.66 points, provisionally closed at 26,559.92 points (at 3.30 p.m.) -- down 92.89 points or 0.35 per cent from the previous close at 26,652.81 points.

The Sensex touched a high of 26,769.32 points and a low of 26,540.82 points during the intra-day trade.

The BSE market breadth was skewed in favour of the bears -- with 1,406 declines and 1,149 advances.

--IANS

rv/dg

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Thu, December 01 2016. 16:12 IST
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