Disappointing macro-data, profit booking dent markets

Disappointing macro-data, profit booking dent markets

IANSUpdated: Friday, May 31, 2019, 03:26 PM IST
article-image

Mumbai: Disappointing macro-economic data, along with profit booking, dragged the Indian equity markets lower on Friday.

Consequently, the key indices provisionally closed the day’s trade deep in the red.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged down 86.75 points or 1.10 percent, at 7,813.65 points.

The barometer 30-scrip BSE sensitive index (Sensex), which opened at 25,739.94 points, provisionally closed the day’s trade at 25,489.57 points (at 3.30 p.m.) — down 300.65 points or 1.17 percent from the previous close at 25,790.22 points.

The Sensex touched a high of 25,743.69 points and a low of 25,400.27 points during the intra-day trade.

The BSE market breadth was heavily tilted in favour of the bears – with 1,499 declines and 1,048 advances.

Both the key indices had ended with substantial gains during the previous trade session on Thursday, as positive domestic cues, including parliamentary approval for a key economic legislation lifted prices.

The barometer index had gained 193.20 points or 0.75 percent, while the NSE Nifty had edged up by 51.55 points or 0.66 percent.

RECENT STORIES

Foreign Investors Return After 3 Months Of Selling, FPIs Pump ₹8,100 Crore Into Indian Stocks In...
Foreign Investors Return After 3 Months Of Selling, FPIs Pump ₹8,100 Crore Into Indian Stocks In...
Indo-US Trade Pact Promises Cheaper Imports, Industry Waits for Clarity On Soybean Oil and Animal...
Indo-US Trade Pact Promises Cheaper Imports, Industry Waits for Clarity On Soybean Oil and Animal...
₹200-Crore PowerGrid Order Changes The Game, Can This Bajaj Group Stock Bounce After 33% Fall?
₹200-Crore PowerGrid Order Changes The Game, Can This Bajaj Group Stock Bounce After 33% Fall?
Key Data, Big Earnings, Global Cues Ahead, What Will Move Markets This Week After 3.5% Rally?
Key Data, Big Earnings, Global Cues Ahead, What Will Move Markets This Week After 3.5% Rally?
Big Change In Tax Laws Ahead, Income Tax Dept Seeks Public Feedback On New Rules Before April 1
Big Change In Tax Laws Ahead, Income Tax Dept Seeks Public Feedback On New Rules Before April 1