Profit booking subdues equity indices

The key indices of the Indian equity market closed Wednesday's trade session on a flat note after investors booked profit in automobile, healthcare and oil and gas stocks.

Published: 03rd January 2018 04:24 PM  |   Last Updated: 03rd January 2018 04:24 PM   |  A+A-

Sensex (File | Reuters)

Image used for representational purpose only.

By IANS

MUMBAI: The key indices of the Indian equity market closed Wednesday's trade session on a flat note after investors booked profit in automobile, healthcare and oil and gas stocks.

According to market analysts, profit booking pared the initial gains made on the back of positive Asian markets.

Consequently, the 30-scrip S&P BSE Sensex, which had ended the previous session at 33,812.26 points, provisionally closed at 33,793.38 points, down a mere 18.88 points or 0.06 per cent. 

At 3.30 p.m., the National Stock Exchange's (NSE) Nifty50 was quoted at 10,443.20 points, inching up by 1 point or 0.01 per cent.

On Tuesday also, both the key indices closed on a flat note after volatility was induced due to caution ahead of upcoming quarterly earning results as well as profit booking.

Consequently, the S&P BSE Sensex closed flat at 33,812.26 points, while NSE Nifty50 closed on a flat note at 10,442.20 points, up by a mere 6.65 points or 0.06 per cent.
 

Stay up to date on all the latest Business news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

facebook twitter whatsapp