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HomeNewsProfit booking, US unrest subdues market, IT stocks down (Roundup)

Profit booking, US unrest subdues market, IT stocks down (Roundup)

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Mumbai, Jan 7 : Profit booking, along with global cues such as the US unrest, pulled the Indian equity benchmark indices to close at a flat-to-negative note on Thursday.
The two main Indian indices opened on a positive note but failed to sustain at higher levels.
Subsequently, volatility surged as investors dived into the market to buy declining stocks.
The FIIs bought more than Rs 382 crore worth of equities on Thursday which was lower than their recent average purchases of Rs 1,500 crore per session.
Globally, Asian stock markets mostly rose, as investors anticipated higher government spending under a Democratic party-controlled US Senate and largely looked past political violence in Washington, D.C.
Even the European stock markets edged largely higher on Thursday.

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