Mumbai Aug 10 (IANS) Profit booking along with broadly negative global cues subdued the Indian equity market during the mid-afternoon trade session on Friday.
According to market observers heavy selling pressure was witnessed in banking and metal stocks.
At 1 p.m. the wider Nifty 50 of the National Stock Exchange (NSE) traded at 11 443.35 points lower by 27.35 points or 0.24 per cent from its previous close.
Similarly the benchmark S&P BSE Sensex made loss during the session. It traded at 37 917.36 points lower by 107.01 points or 0.28 per cent from its previous close.
Sector-wise S&P BSE consumer durable gained 184.15 points and the auto index rose 145.18.
On the other hand the S&P BSE banking index declined by 160.85 and the metal index dipped by 142.81.
On Thursday -- the last trade session -- foreign fund inflows along with domestic political developments lifted the Indian equity indices to their new record intra-day and closing highs.
Consequently the benchmark Sensex closed at a new record high of 38 024.37 points higher by 136.81 points or 0.36 per cent. It touched a record intra-day high of 38 076.23 points.
The wider NSE Nifty50 made a new closing high of 11 470.70 points higher by 20.70 points or 0.18 per cent. It had hit a fresh intra-day record high of 11 495.20 points.
--(IANS)
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