Sensex down by over 130 pts ahead of RBI's monetary policy

The BSE index Sensex fell by over 130 points after opening strong in late morning trade on profit booking ahead of the RBI's quarterly review of the annual credit policy on Monday.

Updated on: Jul 28, 2009, 12:19:14 IST

PTI | By HT Correspondent, Mumbai

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The Bombay Stock Exchange index Sensex fell by over 130 points after opening strong in late morning trade on profit booking ahead of the RBI's quarterly review of the annual credit policy on Monday.

The 30-share barometer fell by 134.51 points to 15,240.53 points in the late morning trade. The Sensex had opened higher by 80 points.

Meanwhile, the National Stock Exchange 50-share Nifty dropped by 43.15 points to 4,529.15 points.

Marketmen said investors booked profits ahead the RBI's quarterly review of the annual credit policy today.

However, realty stocks attracted good activity with its index rising by 2.7 per cent in early trade on fresh tax breaks for the sector.

Finance Minister Pranab Mukherjee yesterday announced a slew of tax breaks including a 1 per cent subsidy on the interest charged by commericial banks for home loans up to Rs 10 lakh with a market value not exceeding double that amount.

Asian markets were trading in the green this morning with Hang Seng, Strait Times, Taiwan and Kospi in the green while Nikkei showed marginal losses.

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