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

Union Budget 2026 Boosts MSME Credit Access And Strengthens Cash Flow Ecosystem
Union Budget 2026 Boosts MSME Credit Access And Strengthens Cash Flow Ecosystem
IndiGo Market Share Plunges 4.7 Per Cent After December Operational Crisis, Impacts Passenger Growth...
IndiGo Market Share Plunges 4.7 Per Cent After December Operational Crisis, Impacts Passenger Growth...
Fractal Analytics Fixes ₹857-900 Price Band For ₹2,834 Crore IPO, Opens February 9
Fractal Analytics Fixes ₹857-900 Price Band For ₹2,834 Crore IPO, Opens February 9
Infosys Plunges More Than 8%, Wipro Down 4% As Anthropic AI Threat Rattles IT Stocks
Infosys Plunges More Than 8%, Wipro Down 4% As Anthropic AI Threat Rattles IT Stocks
Bajaj Finserv Q3 Net Profit Climbs 32% YoY To ₹2,229 Crore, Revenue Surges To ₹39,708 Crore
Bajaj Finserv Q3 Net Profit Climbs 32% YoY To ₹2,229 Crore, Revenue Surges To ₹39,708 Crore