Negative global cues subdue equity indices

Geo-political concerns over global protectionist measures along with profit booking dragged the Indian equity market in the red on Friday.

Other key factors such as broadly negative Asian markets and heavy selling pressure in banking sector subdued both the major equity indices.

Index-wise, the Nifty50 of National Stock Exchange (NSE) closed at 11,429.50, down 41.20 or 0.36 per cent from its previous close.

Similarly, the BSE on Friday provisionally ended lower from its previous close. It closed at 37,869.23 points, down 155.14 or 0.41 per cent from its previous close.

On Thursday, the barometer index touched a fresh record high of 38,076.23 points and a low of 37,939.28 points.

The wider NSE Nifty50 hit a new closing high of 11,470.70 points, higher by 20.70 points or 0.18 per cent

--(IANS)

ravi-rv/nir