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Profit booking, low volumes subdue key equity indices

Arnima Dwivedi

Arnima DwivediBy Arnima Dwivedi

Published on 1 Jan 2018 3:58 AM GMT

Profit booking, low volumes subdue key equity indices
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Market Update: Key Indian equity indices open on higher note
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Mumbai: Profit booking along with low volumes subdued the key indices of the Indian equity market during the early morning session on Monday -- the first trading day -- of 2018.

According to market analysts, heavy selling pressure was witnessed in metals, IT and banking stocks.

At 9.35 a.m., the 30-scrip S&P BSE Sensex, which had closed at 34,056.83 points on Friday, traded lower at 34,035.33 points, down by 21.50 points or 0.06 per cent.

At the National Stock Exchange (NSE), the broader 51-scrip Nifty quoted at 10,518.10 points, down by 12.60 points or 0.12 per cent.

On Friday, the key equity indices closed in the positive territory as global cues, along with a strong rupee and healthy buying in auto, IT and consumer durables stocks gave a boost to investors' sentiments.

The Sensex closed trade at 34,056.83 points -- up 208.80 points or 0.62 per cent, while, the wider Nifty50 rose by 52.80 points or 0.50 per cent to close at 10,530.70 points.

--IANS

Arnima Dwivedi

Arnima Dwivedi

A journalist, presently working as a sub-editor with newstrack.com. I love exploring new genres of humans and humanity.

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