Indian equities were in the red on Friday after a key index opened lower and closed trade 130 points down under selling pressure. The index had risen more than 400 points this week after the country’s central bank announced an interest rate cut.
Sensex of the Bombay Stock Exchange (BSE) opened at 17,459.72, against the previous close of 17,503.71 points. After moving up to an intra-day high of 17,519.88, it closed the day at 17,373.84, down 129.87 points. The 50-scrip S&P CNX Nifty of the NSE also ended the day 0.78 per cent or 41.55 points down.