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Equity indices slip from day's high on sudden sell-off

16 December 2018 06:06

Mumbai: Key Indian equity indices, which opened at fresh levels on Friday, slipped during the mid-afternoon trade session with heavy selling pressure in almost all the sectoral indices.According to market observers, investors panicked on account of an unprecedented event in which four senior judges of the Supreme Court on Friday met the media to complain that the administration of the countrys top court was not in order.At one point, the Sensex shed almost 160 points to touch a low of 34,342.16 points. At 1 p.m., the barometer 30-scrip Sensitive Index (Sensex) of the BSE -- which opened at a fresh high of 34,578.99 points -- fell by 24.18 points or 0.07 per cent to trade at 34,479.31 points.The BSE market breadth turned bearish as 1,693 stocks declined as compared to 1,075 advances.Around the same time, the wider Nifty50 of the National Stock Exchange (NSE) edged lower by 17.70 points or 0.17 per cent to trade at 10,633.50 points.Markets have slipped from the days.
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