Profit booking pulls equity markets lower

Mumbai, Oct 7 (IANS) Negative global indices and profit booking pulled the Indian equity markets lower on Friday.

The key indices provisionally closed on a flat-to-negative note as heavy selling pressure was witnessed in IT, oil and gas, and healthcare stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down by 11.95 points, or 0.14 per cent, to 8,697.60 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,129.22 points, provisionally closed at 28,061.14 points (at 3.30 p.m.) — down 45.07 points, or 0.16 per cent, from the previous close at 28,106.21 points.

The Sensex touched a high of 28,155.68 points and a low of 27,964.91 points during the intra-day trade.

The BSE market breadth was marginally tilted in favour of the bears — with 1,388 declines and 1,386 advances.

On Thursday, both the key Indian indices ended in the red due to negative global cues, coupled with lower crude oil prices and a weak rupee.

The barometer index fell by down 114.77 points, or 0.41 per cent, while the NSE Nifty edged down by 34.40 points, or 0.39 per cent.