Global cues, profit booking subdue Indian equity indices
MUMBAI: The key Indian equity indices provisionally closed in the red on Thursday as weak global indices and profit booking dented investors sentiments.
The slide in key indices − S&P BSE Sensex and NSE Nifty50 − snapped their three-day gaining streak after the US Federal Reserve hiked its benchmark interest rates.
According to market observers, heavy selling pressure was witnessed in the IT, consumer durables and capital goods stocks.
At 3.30 pm, the broader Nifty50 of the National Stock Exchange (NSE) provisionally closed at 10,808.05 points − down by 48.65 points or 0.45 per cent − from its previous close of 10,856.70 points.