Weak global cues depress equity indices

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The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,328.91 points, traded at 35,305.92 points - up 145.56 points or 0.41 per cent - from its previous session's close of 35,160.36 points.

Both, benchmark Sensex and BSE Midcap index, were running together in the lower territory during Friday's trade around 1:55 pm (IST), falling 0.45 per cent and 0.42 per cent, respectively.

Market breadth was negative with 1116 stocks closing higher against 1578 ending lower on BSE.

"Markets corrected on Thursday as the Nifty ended in the red for the second consecutive day".

Mumbai- Disappointing quarterly results, along with heavy selling pressure in capital goods, IT and FMCG stocks pulled the key domestic equity indices lower on Thursday.

Mumbai: Market benchmark Sensex broke its four-day winning streak to end over 73 points lower at 35,103.14 on Thursday as investors chose to trim their positions on weak global cues ahead of talks between China and the USA on their trade dispute.

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Investors are also keeping an eye on the U.S. employment report for April for further indications of the strength of the United States labour market and inflation pressures, they added.

Meanwhile, on a net basis, foreign institutional investors (FIIs) sold shares worth Rs 525.93 crore, while DIIs bought shares to the tune of Rs 165.84 crore in Wednesday's trade, provisional data showed.

The index had gained 659.09 points in the previous three sessions on the back of widespread gains triggered by encouraging corporate earnings and strong auto sales data amid record GST collections. It finally finished at 34,915.38, down 187.76 points or 0.53 per cent.

Bharti Airtel, HUL, Adani Ports, ONGC, Dr. Reddy's, SBI, TCS, IndusInd Bank, Yes Bank, HDFC Bank, TCS and L&T rising up to 2.45 percent.

Kotak Mahindra Bank (up 5.48 per cent), Zee Entertainment Enterprises (up 3.02 per cent), ITC (up 2.26 per cent), Asian Paints (up 2.11 per cent) and HDFC Bank (up 1.55 per cent) were the top gainers in the Nifty index.

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