RBI monetary policy: Sensex slumps 100 points as interest-sensitive stocks sell; weaker rupee dampens sentiment
Sectortal indices of banking, auto, metal and PSU trading dropping up to 1.76 percent ahead of RBI monetary policy review.
Mumbai: The benchmark BSE Sensex fell further by 100 points in early trade on Wednesday due to selling in interest-sensitive stocks ahead of RBI's policy announcement later in the day. The rupee's weakness against the dollar too dampened the overall mood.
The 30-share index fell 100.07 points, or 0.30 percent, to 32,702.37, with sectortal indices of banking, auto, metal and PSU trading dropping up to 1.76 percent.
The gauge had lost 67.28 points in the previous session.
The NSE Nifty too shed 39.15 points, or 0.38 percent, at 10,079.10.
Brokers said sentiment remained somewhat subdued as investors kept their positions at a low ebb amid expectation that the central bank may keep rates unchanged.
Major losers were SBI, ICICI Bank, HDFC Bank, Axis Bank, HDFC Ltd, Maruti Suzuki, Bajaj Auto,Hero MotoCorp, Tata Steel, ITC Ltd and Wipro.
Among the Asian bourses, Hong Kong's Hang Seng was down 1.12 percent while Japan's Nikkei shed 0.90 percent.
Shanghai Composite Index too fell 0.61 percent in early trade on Wednesday.
The US Dow Jones Industrial Average ended 0.45 percent lower on Tuesday.
Market Roundup: Sensex, Nifty make swift recovery after three-day slide; today's top gainers and losers
At the clsoing bell, the BSE Sensex was up 209.36 points or 0.40 percent at 52,653.07 while the NSE Nifty50 gained 69.05 points or 0.44 percent to close at 15,778.45
Market Roundup: Sensex, Nifty skid for third day as bank stocks tumble; today's top gainers and losers
After plummeting over 700 points in intra-day trade, the 30-share BSE Sensex clawed back some lost ground to end 135.05 points lower at 52,443.71, while the NSE Nifty slipped 37.05 points to close at 15,709.40
Tata Steel, Bajaj Finserv and SBI were among the top gainers at both the BSE Sensex and NSE Nifty50 whereas Dr Reddy and Axis Bank were among the top losers in both the indices