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Key Indian equity indices trade in red during afternoon session

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MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.4 percent on Friday and was trading at its lowest level since April 25 as the fresh falls in commodities raised concerns about the health of the global economy.

The 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 9.75 points or 0.10 per cent at 9,313.80 points.

The Sensex touched a high of 30,069.24 points and a low of 29,804.12 points during the intra-day trade.

The stock closed 3.5% up at Rs 116.

The BSE market breadth was evenly balanced though marginally in favour of the bulls - with 1,430 advances and 1,428 declines.

On Wednesday, the benchmark indices closed on a flat-to-negative note on the back of negative global cues and outflow of foreign funds. However, the healthcare index was down 0.81%, metal index was 0.58% down and oil and gas was below 0.53%.

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On a weekly basis, both - the Sensex and the Nifty - logged losses of 59.60 points, or 0.19 per cent, and 18.75 points, or 0.20 per cent, respectively, for the first week of May.

However, Tata Motors fell 2.27 percent, ONGC 1.15 percent, M&M 0.89 percent, Cipla 0.84 percent, Reliance 0.84 percent and TCS 0.44 percent.

All the 19 sub-indices of the BSE closed the day's in the red, led by the metal index, which plunged by 275.04 points. Sensex rises 228 points to 30,123 and Nifty up 38 points at 9,350.

In the Asian region, Hong Kong's Hang Seng was down 0.52 per cent while China's Shanghai Composite shed 0.07 per cent in their early deals.

In the banking segment, shares of country's largest private sector lender ICICI Bank climbed 6.84 per cent to quote at Rs 291.40 after it yesterday reported manifold jump in standalone net profit to Rs 2,024.64 crore for the quarter ended March 31.

Metal stocks were also in the limelight as the Cabinet, on Wednesday, chose to give "preference to domestically manufactured iron and steel products" under its infrastructure policy.

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