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.Updated: Jun 05, 2018 15:54 IST
Hindustan Times, New Delhi
Domestic equity indices ended lower on Tuesday amid caution as the RBI monetary policy meet is underway.
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.
First Published: Jun 05, 2018 09:48 IST