Negative global cues suppress Indian equities

Mumbai: Negative global indices, along with heightened chances of a US rate-hike and profit booking, suppressed the Indian equities markets on Friday.

The key Indian indices provisionally closed the day’s trade in the red — with losses of more than a per cent each, as heavy selling pressure was witnessed in automobile, consumer durables, and capital goods stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 106.10 points or 1.30 per cent to 8,086.80 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,437.37 points, provisionally closed at 26,239.49 points (at 3.30 p.m.) — down 320.43 points or 1.21 per cent from the previous close at 26,559.92 points.

The Sensex touched a high of 26,463.06 points and a low of 26,182.93 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears — with 1,779 declines and 884 advances.

On Thursday, the equity markets were subdued by profit booking and lower European indices.

The barometer index was down by 92.89 points or 0.35 per cent, while the NSE Nifty edged lower by 31.60 points or 0.38 per cent.