ibusinesslines.com March 19, 2018

Sensex ends lower ahead of RBI policy call

05 December 2017, 04:02 | Justin Tyler

Sensex breaks 4-day fall on value buying

Interest sensitive stocks drag indices lower

The markets on Tuesday traded cautious the entire day as has been the case for the last couple of sessions.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE closed at 32,802.44 points - down 67.28 points or 0.20 per cent from Monday's close. "It was a volatile session ahead of the outcome of RBI's MPC (Monetary Policy Committee) meet tomorrow", Deepak Jasani, Head, Retail Research, HDFC Securities, told IANS.

At 12.30 PM: Sensex was down by over 110 points or 0.34% to 32,759.48 while the wider Nifty was dpwn by over 31 points or 0.31% to 10,096.40.

The Nikkei India Services PMI for November signaled slowdown in demand, further weighing on sentiment. However, profit booking in banking and auto stocks capped gains.

Among the sectoral indices on BSE, power and metal indices slipped 1.06 per cent and 0.85 per cent. Telecom, Bankex and oil & gas indices closed higher by 0.83 per cent, 0.38 per cent and 0.16 per cent, respectively. The broad based Nifty traded near 1-month low. The broader market depicted a mixed trend, with the BSE mid-cap ending up 0.41%, while small-cap index finished 0.03% down.

On the currency front, the rupee strengthened by 9-10 paise to close at 64.37-38 against the USA dollar from its last week's close at 64.47.

Meanwhile, foreign portfolio investors offloaded shares worth net Rs333.59 crore, while domestic institutional investors bought shares to the tune of Rs776.18 crore on Monday, as per provisional data.

On the other hand, Coal India (2.09%), Asian Paints (1.02%), Sun Pharmaceutical Industries (0.95%), Reliance Industries (0.92%), Maruti Suzuki India (0.91%), and NTPC (0.75%) were the major losers in the Sensex.

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