Selling pressure, caution over GST dent equity markets

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The benchmark BSE Sensex was down 43 points or 0.14 percent at 31,247 while the broader Nifty index was down 28 points or 0.29 percent at 9,601.

On the other hand, the wider Nifty of the National Stock Exchange (NSE) slipped by 3.60 points, or 0.04 per cent, to provisionally close at 9,630 points.

It touched a new high of 31,522.87 points during intra-day trade. The market breadth was deeply in favour of declines with an advance-decline ratio of 1:4.

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

Overseas, Asian markets ended higher, with Japan's Nikkei rising 0.11 per cent and China's Shanghai Composite Index rose 0.33 per cent. Hong Kong's Hang Seng, however, fell 0.02 per cent.

Canadiens send defenceman Nathan Beaulieu to Sabres for third-round pick
In 74 games with the Canadiens this season, Beaulieu registered four goals and 24 assists for 28 points and 44 penalty minutes. Before that Nate split time between Montreal and Hamilton (the Habs old AHL affiliate) from 2012-13 to 2014-15.

On the currency front, the rupee strengthened by six paise to 64.53 to a United States dollar from its previous close of 64.59.

Broader Nifty cracked below its psychological 9,600-mark. "Caution has set in as investors waited for the launch of the GST due on July 1".

The Sensex was down by 13.89 points or 0.04 per cent at the Wednesday's closing.

Top gainers on Friday included Sun Pharma, Power Grid Corp, Wipro, Vedanta, ICICI Bank, Aurobindo Pharma, Dr Reddys Labs and Cipla while key losers included Tata Motors, Hero Motocorp, Bank of Baroda, SBI, ONGC, Bosch and BHEL.

This is published unedited from the IANS feed.

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