Profit booking subdues Indian equity markets  

Mumbai: Profit booking and negative global cues suppressed the Indian equity markets on Friday. Consequently, both the key indices provisionally closed the day’s trade in the red, as heavy selling pressure was witnessed in banking, consumer durables, and capital goods stocks.

The wider Nifty edged down 22.05 points or 0.25 per cent to 8,644.25 points. The 30-scrip BSE Sensex closed at 28,051.86 points, down 156.76 points or 0.56 per cent from the previous close at 28,208.62 points.

Opened at 28,232.87 points, Sensex touched a high of 28,233.47 points and a low of 28,037.87 points during the intra-day trade. The BSE market breadth was tilted in favour of the bears with 1,452 declines and 1,226 advances.
On Thursday, the benchmark indices closed higher prompted by expectations of the GST (Goods and Services Tax) bill clearing parliament, short covering and fresh influx of foreign funds. The barometer index had gained 184.29 points or 0.66 per cent, while the NSE Nifty edged up 50.50 points or 0.59 per cent.

Source: IANS