Profit booking drags equity markets lower | NSE closes lower
Mumbai: The Indian equity markets provisionally closed on a flat-to-negative note on Wednesday due to profit booking.
According to market observers, healthy macro-economic industrial production data, along with broadly positive Asian markets had given a push to key Indian equity indices -- the BSE Sensex and the NSE Nifty 50 -- during the initial trade session.
However, heavy selling pressure in oil marketing companies (OMCs) stocks and profit booking capped gains and dragged the two indices lower.
At 3.35 p.m. the wider 51-scrip Nifty 50 of the National Stock Exchange (NSE) closed at 10,079.30 points -- down 13.75 points or 0.14 per cent.
The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,188.95 points, provisionally closed at 32,186.41 points -- up only 27.75 points, or 0.09 per cent, from its previous close at 32,158.66 points.