Live
- Sivaji launches lyrical song ‘Vassahi Vassahi’ from ‘Mr Idiot’
- Mohanlal and Mammootty unites after two decades
- ‘Sankranthiki Vasthunnam’ locks release date
- How Individuals Can Contribute to Environmental Conservation Efforts and Make a Difference
- Smart Logistics: Leveraging AI for Real-Time Decision Making and Route Optimization
- ‘Bachhala Malli’ set for Dec 20 release
- ‘Devaki Nandana Vasudeva’ creates buzz
- My role in ‘Mechanic Rocky’ will be very unique: Shraddha Srinath
- Bhagyashi Borse comes onboard for ‘RAPO22’
- BGT 2024-25: Yash Dayal added to Indian team’s pace bowling reserve list after Khaleel Ahmed gets injured
Markets end lower ahead of RBI meet
Market remained a picture of cautiousness on Monday as investors were on edge ahead of RBI\'s policy meet on Tuesday and a string of upcoming events this month carrying an element of uncertainty.
Sensex sheds 66 points to close at 26,777
Mumbai: Market remained a picture of cautiousness on Monday as investors were on edge ahead of RBI's policy meet on Tuesday and a string of upcoming events this month carrying an element of uncertainty. IT, consumer durables, healthcare and oil and gas stocks cut a sorry figure as investors preferred to stay light on positions ahead of the RBI review.
To be sure, Sensex was off to a better start and advanced on optimistic buying amid foreign fund inflows. But profit-booking set in soon after as the index ended down 65.58 points, or 0.24 per cent, at 26,777.45. The broader NSE Nifty snapped its three-day winning run by falling 19.75 points, or 0.24 per cent, to close at 8,201.05 after gyrating between 8,234.70 and 8,186.05.
Sentiment turned somewhat cautious as a majority of investors expect that the RBI Governor Raghuram Rajan will maintain status quo and hold rates steady in Tuesday's bi-monthly monetary policy meet, after an impressive 7.6 per cent GDP growth in 2015-16. There were also lingering worries about the outcome of the impending US Federal Reserve meet and uncertainty about a Brexit -- the likelihood of Britain leaving the European Union.
Stocks of engineering major L&T ended 0.49 per cent higher at Rs 1,468.10 after the company said its construction arm has won orders worth Rs 2,161 crore. Out of the 30-share Sensex, 21 scrips ended lower. Those which lost were Bharti Airtel (2.62 per cent), Lupin (2.08 per cent), Maruti Suzuki (2.01 per cent), Sun Pharma (1.67 per cent), Axis Bank (1.60 per cent), Hero MotoCorp (1.42 per cent) and Coal India (1 per cent). However, Tata Motors, M&M, GAIL, Cipla, ITC and BHEL rose by up to 1.51 per cent.
Sector-wise, BSE consumer durables index fell the most by tumbling 1.39 per cent, followed by healthcare, technology, oil and gas and IT. The broader markets, however, threw up a mixed trend, with the mid-cap index falling 0.09 per cent and small-cap rising 0.22 per cent. Other Asian shares ended mixed as key indices like Japan's Nikkei fell by 0.37 per cent and Shanghai Composite shed 0.16 per cent. European stocks were trading mixed.
