Selling pressure, caution over GST dent equity markets


Mumbai, June 23 (IANS): The Indian equity markets provisionally closed in the red on Friday as broadly negative global cues, coupled with caution ahead of the Goods and Services Tax (GST) implementation and heavy selling pressure subdued investor sentiments.

The wider Nifty of the National Stock Exchange (NSE) fell by 55.05 points, or 0.57 per cent, to provisionally close at 9,574.95 points.

The 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 31,352.57 points, provisionally closed at 31,138.21 points -- down 152.53 points, or 0.49 per cent, from its previous close at 31,290.74 points.

The Sensex touched a high of 31,365.39 and a low of 31,110.39 points during intra-day trade.

On Thursday, the domestic equity markets closed on a flat note as investors booked profits.

The NSE Nifty slipped by 3.60 points, or 0.04 per cent to 9,630 points, while the Sensex closed at 31,290.74 points -- up a mere 7.10 points, or 0.02 per cent.

  

Top Stories


Leave a Comment

Title: Selling pressure, caution over GST dent equity markets



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.