Profit booking, negative global cues subdue equity markets

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Mumbai, Aug 23, 2016: Negative global cues, along with slight profit booking, depressed the key Indian equity indices during the early morning session on Tuesday.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 9.20 points, or 0.11 per cent to 8,619.95 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,012.56 points, traded at 27,962.17 points (at 9.35 a.m.) — down 23.37 points, or 0.08 per cent from the previous close at 27,985.54 points.

The Sensex has so far touched a high of 28,028.98 points and a low of 27,928.63 points during the intra-day trade.

In contrast, the BSE market breadth was tilted in favour of the bulls — with 823 advances and 711 declines.

On Monday, both the key Indian indices were suppressed by negative global cues and a weak Rupee.

The barometer index had closed lower by 91.46 points, or 0.33 per cent to 27,985.54 points, while the NSE Nifty down 37.75 points, or 0.44 per cent to 8,629.15 points.

Wefornews Bureau

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