Profit booking subdues equity markets

Mumbai, Oct 21 (IANS) Profit booking, along with broadly negative global indices, subdued the Indian equity markets on Friday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 6.35 points or 0.07 per cent to 8,693.05 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,163.41 points, provisionally closed at 28,077.18 points (at 3.30 p.m.) — down 52.66 points or 0.19 per cent from the previous close at 28,129.84 points.

The Sensex touched a high of 28,163.41 points and a low of 27,957.92 points during the intra-day trade.

In contrast, the BSE market breadth was tilted in favour of the bulls — with 1,457 advances and 1,315 declines.

On Thursday, the equity markets had ended higher on the back of strong Asian cues.

The barometer index had gained 145.47 points, or 0.52 per cent to 28,129.84 points, while the NSE Nifty closed higher by 40.30 points or 0.47 per cent to 8,699.40 points.