Sensex extends fall ahead of RBI monetary policy review, sheds 109 points

At close, the BSE Sensex was down 108.68 points or 0.31% to 34,903.21, while the broader NSE Nifty settled 35.35 points or 0.33% lower at 10,593.15.

Domestic equity indices ended lower on Tuesday amid caution as the RBI monetary policy meet is underway.

The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai. (Reuters File Photo)

At close, the BSE Sensex was down 108.68 points or 0.31% to 34,903.21, while the broader NSE Nifty settled 35.35 points or 0.33% lower at 10,593.15.

Major laggards on the BSE Sensex included Coal India, Bharti Airtel, L&T, Dr. Reddy’s, Yes Bank, PowerGrid, Infosys and TCS, with losses of as much as 2.36%.

Gains, on the other hand, were led by Reliance Industries,Tata Steel, HDFC, Maruti Suzuki, HDFC Bank and Hero Motocorp, with Reliance Industries gaining 0.90%.

Investors remained cautious amid the RBI’s decision on key lending rates on Wednesday, as economists widely anticipate a tightening in monetary policy.

Sectorally, telecom stocks led losses on the BSE, sinking 3.08%, followed by capital goods, industrials,teck, and IT.

On Monday, the BSE Sensex sank 215 points to 35,011.89, 0.61% lower.