Indian equity indices, after witnessing huge volatility, closed lower on Wednesday following weak cues from the European markets coupled with ?profit-booking? during the final hours of the trading session.
The 30-share Sensex of Bombay Stock Exchange (BSE) was down by 219.37 points, or 1.46%, to end the day at 14,843.12 points after opening at 15,124.92 and touching a high of 15,369.42. The broader S&P CNX Nifty of National Stock Exchange (NSE) lost 70.20 points, or 1.57%, to close the day at 4,398.90 points.
Amitabh Chakraborty, president-equity at Religare Capital Markets, said, ?In the last couple of days we have been witnessing huge profit-booking in the markets. There are strong chances that Nifty might touch 4,250 mark ahead of expiry of monthly derivatives contract next week.?
As per provisional figures furnished by BSE, FIIs were net buyers at Rs 66.84 crores while DIIs were net sellers at Rs 224.58 crores. All of BSE sectoral indices closed the day in the red with auto and power sectors being the worst performers of the day.
The breadth of the market remained weak as out of 2,704 stocks traded on BSE, 1,231 stocks advanced, 1,374 stocks declined while 99 stocks remained unchanged. In Sensex 26 stocks closed the day in red while remaining four stocks ended the day above the dotted line.