Equities dip into red on profit booking

Mumbai: Indian equities markets opened strong Monday and despite staying in the green throughout the morning dipped into the red mid-afternoon following profit booking at the higher levels.

Mid-afternoon the 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE) was ruling at 9,082.34, down 10.38 points or 0.11 per cent from its close Friday last week at 9,092.72 points.

The broader-based 50-share S&P CNX Nifty of the National Stock Exchange (NSE), was also showing the same trend and was ruling at 2752.40, down 2.7 points or 0.10 per cent from its previous close Friday last week at 2755.10 points.

Mid-afternoon the BSE midcap was ruling at 2,883.43, down 2.33 points or 0.08 per cent from its previous close Friday last week at 2,885.76 points.

The BSE smallcap, however, was still in the green and was ruling at 3,325.31, up 20.70 points or 0.63 per cent from its previous close Friday last week at 3,304.61 points.

Global cues were mixed. The key index of the New York Stock Exchange closed flat Friday and the Nasdaq index closed Friday with a gain of 0.23 per cent.

The Nikkei, key index of the Tokyo Stock Exchange was in the red with a loss of 1.52 per cent but the Hang Seng, key index of the Hong Kong Stock Exchange was up 2.14 per cent.

In the Indian market, at 1.05 in the afternoon markets are northbound; oil, realty, metal, technology stocks are on the gain and SBI, ICICI Bank, BHEL, Maruti, HDFC, ITC have been trading at dragging pace.

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