Mumbai May 4 (IANS) The key Indian equity indices traded lower on Friday afternoon noting losses in the global markets.
Heavy selling was witnessed in the auto healthcare and IT stocks.
At 12.40 p.m. the wider Nifty50 of the National Stock Exchange (NSE) traded at 10 627.55 points down by 52.10 points or 0.49 per cent from the previous close.
Similarly the barometer 30-scrip Sensitive Index (Sensex) of the BSE which opened at 35 144.96 points traded at 34 932.26 points (12.40 p.m.) - down 170.88 points or 0.49 per cent -- from its previous session s close.
The Sensex has so far touched a high of 35 206.55 and a low of 34891.09 points.
The BSE market breadth was bearish with 1 378 declines and 1 040 advances.
"Sensex and Nifty traded lower on Friday tracking losses in global equities. Asian stocks opened lower as investors are closely monitoring implications of ongoing trade talks between the US and China " said Dhruv Desai Director and Chief Operating Officer Tradebulls.
So far the major gainers on the BSE were Adani Ports IndusInd Bank ONGC HDFC Bank ICICI Bank and while Sun Pharma Bharti Airtel Bajaj Auto Infosys and Yes Bank were the major losers.
On the NSE the top gainers were Adani Ports GAIL and ONGC. The major losers were Sun Pharma Infosys and Bajaj Auto.
On Thursday the equity indices fell due to disappointing quarterly results along with heavy selling pressure in capital goods IT and FMCG stocks.
The Nifty50 closed at 10 679.65 points -- down 38.40 points or 0.36 per cent -- from the previous session s close while the Sensex closed at 35 103.14 points -- down 73.28 points or 0.21 per cent -- from its previous close.
--IANS
rrb/vm
