Profit booking subdues equity indices
Mumbai: The key Indian equity indices provisionally closed in the red as traders booked profits after the indices surged over one per cent in the previous session.
According to market analysts, heavy selling pressure was witnessed in banking, IT and metal stocks.
At 3.30 p.m., the wider Nifty50 of the National Stock Exchange (NSE) provisionally closed at 10,696.20 points, down 39.95 points or 0.37 per cent from the previous close of 10,736.15 points.
Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE, which had opened at 35,373.98 points, closed at 35,227.26 points (3.30 p.m.) -- down 95.12 points or 0.27 per cent -- from its previous session's close of 35,322.38 points.
The Sensex touched a high of 35,438.22 and a low of 35177.35 points. The BSE market breadth was bearish with 1,984 declines against 795 advances so far.
The major gainers on the BSE were Bajaj Auto, Maruti Suzuki, Bharti Airtel, Tata Motors (DVR) and Hero MotoCorp while Tata Steel, ONGC, Mahindra and Mahindra (M&M), Hindustan Unilever and IndusInd Bank were the major losers.
On the NSE, the top gainers were Bajaj Auto, Maruti Suzuki and Bharti Airtel, while Bajaj Finserv, ONGC and Eicher Motors.