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Negative global cues subdue equity indices (Second lead)

Friday - August 10, 2018 4:24 pm , Category : BUSINESS
 Negative global cues subdue equity indices (Second lead)
Negative global cues subdue equity indices (Second lead)
Mumbai Aug 10 (IANS) Geo-political concerns over global protectionist measures along with profit booking dragged the Indian equity market in the red on Friday.
Other key factors such as broadly negative Asian markets and heavy selling pressure in banking sector subdued both the major equity indices.
Index-wise the Nifty50 of National Stock Exchange (NSE) closed at 11 429.50 down 41.20 or 0.36 per cent from its previous close.
Similarly the BSE on Friday provisionally ended lower from its previous close. It closed at 37 869.23 points down 155.14 or 0.41 per cent from its previous close.
On Thursday the barometer index touched a fresh record high of 38 076.23 points and a low of 37 939.28 points.
The wider NSE Nifty50 hit a new closing high of 11 470.70 points higher by 20.70 points or 0.18 per cent
--(IANS)
ravi-rv/nir

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