Negative global cues suppress Indian equities

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SME Times News Bureau | 02 Dec, 2016
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 percent 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 percent to 8,086.80 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,437.37 points, closed at 26,239.49 points -- down 320.43 points or 1.21 percent 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.