Profit Booking Pulls Key Indices Lower 

Mumbai: Profit booking along with negative global cues suppressed the domestic equity markets on Friday. The wider Nifty fell 35.90 points or 0.40 per cent to 8,831.55 points. The market barometer 30-scrip Sensex closed at 28,668.22 points, down 104.91 points or 0.36 per cent from the previous close at 28,773.13 points.

Opened at 28,810.32 points, Sensex touched a high of 28,825.09 points and a low of 28,627.38 points during the intra-day trade. The BSE market breadth was tilted in favour of the bears with 1,496 declines and 1,166 advances.
On Thursday, both the key indices had made gains of around a per cent each on the back of positive global cues, fresh inflow of foreign funds, healthy macro economic data and a strong rupee.

Rupee Pares Early Losses to Rule Stable at 66.66 vs USD

The rupee eroded early losses on Friday to rule steady at its overnight levels of 66.66 against the American currency in bouts of dollar selling from banks and exporters. The domestic unit opened slightly lower at 66.69 as against Thursday’s closing of 66.66 per dollar at the Inter-bank Foreign Exchange (Forex) market.

It swung between losses and gains at 66.7350 and 65.75 before quoting stable at 66.66.
Meanwhile, the dollar index was up 0.16 per cent at 95.52 against a basket of six currencies in early trade.

Overseas, the US dollar gained against the basket currencies in early Asian trade, but was on track to end a tumultuous week with losses after the Federal Reserve trimmed its long-term interest rate expectations and the Bank of Japan (BoJ) rebooted its monetary policy framework. Meanwhile, the BSE Sensex was trading lower by 33.51 points or 0.12 per cent to 28,739.62.

Source: IANS/ PTI