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Global cues, earnings subdue equities, Nifty50 closes 10k-plus (Second Lead)

Mumbai, July 28 (IANS) Negative global cues, coupled with disappointing quarterly results and heavy selling pressure in healthcare, metal and banking stocks subdued Indian equity markets on Friday.

Even as investors booked profit, some short covering along with buying witnessed in IT and auto stocks lifted the key equity indices from their day’s lows. However, the indices provisionally closed in the red.

The wider Nifty50 of the National Stock Exchange (NSE) rose from its day’s low to close above the important 10,000-mark. The benchmark index NSE Nifty50 had closed above the 10,000-point-mark on July 26 (Wednesday) for the first time.

At 3.30 p.m., the Nifty provisionally closed at 10,014.50 points — down by 6.05 points or 0.06 per cent.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,381.36 points, closed at 32,309.88 points — down 73.42 points or 0.23 per cent, from its previous close at 32,383.30 points.

The Sensex touched a high of 32,381.36 points and a low of 32,104.66 points during intra-day trade.

The BSE market breadth was bearish with 1,374 declines and 1,270 advances.

On Thursday, the benchmark indices were dragged lower from peak levels to close on a muted note on the day of derivatives expiry.

The Nifty50 closed lower by a miniscule 0.10 point at 10,020.55 points, while the Sensex, which scaled a new intra-day high of 32,672.66 points, closed at 32,383.30 points.

Post Source: Ians feed

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