ibusinesslines.com
ibusinesslines.com July 23, 2018


Sensex ends lower ahead of RBI policy call

05 December 2017, 04:02 | Justin Tyler

Sensex ends lower ahead of RBI policy call

Sensex ends lower ahead of RBI policy call

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.



Other News

Trending Now

Dustin Hoffman battles John Oliver in heated harassment claims discussion
According to the report, the tension grew as the discussion continued for around 30 minutes. And when Hoffman responded "You weren't there", the journalist replied: 'I'm glad'.

Chuck Grassley's Tax Pitch: People Who Aren't Rich Are Bad
The Tax Policy Center has estimated that only 80 small business and small farm estates nationwide will face any estate tax in 2017.

Destiny 2: Curse of Osiris Exact Download And Unlock Time
Curse of Osiris also includes powerful new weapons and armour to unlock, as well as the all-new Raid Lair , Eater of Worlds. Once that second phase of maintenance kicks in at 8 AM, you'll be able to begin downloading Curse of Osiris .

Sunil Gulati will not seek re-election as US Soccer president
Meanwhile, NASL's ongoing lawsuit against the USSF also directly involves SUM because of its ties to both U.S. Soccer and Major League Soccer . "So fair or not, I accept that and think it's time for a new person".

Apple to pay $20 billion in back tax to Ireland
The tax arrangements, set up in 1991 and 2007, let Apple pay.005-percent and 1-percent tax rates on its European profits. The €13 billion amounts to nearly 6 percent of Apple's cash reserves as of August.

Commodities Buzz: Private Sector Growth Momentum of China Improves in November
The composite output index, which covers both manufacturing and services, rose to 56.3 in November from 53.2 in October. Growth in manufacturing orders reached a four-month high.

Antonio Brown Yells 'Karma' and 'I Liked That' Regarding Vontaze Burficit Injury
The Steelers' come-from-behind win over the Bengals on Monday night was marred by nasty injuries and unnecessarily dirty hits . But Bell said he still doesn't want to see Burfict seriously injured. "The guy just left his feet and hit me in the head.