Fall in early trade in domestic markets ahead of monetary review, Sensex opened 196 points lower at 74,031.
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Mumbai Domestic indices Sensex and Nifty declined in early trade on Friday. Market participants remained cautious ahead of the monetary review by the Reserve Bank of India (RBI). The six-member committee began deliberations on Wednesday and will announce the decision on Friday. The 30-share BSE Sensex fell 196.49 points, or 0.25 per cent, to 74,031.14.
NSE Nifty also slipped 72.85 points or 0.32 percent to 22,441.80. Shares of 24 companies listed in Sensex remained in loss. Shares of Tech Mahindra, JSW Steel, L&T, Tata Steel and Axis Bank suffered the most losses. Heavy selling was also seen in shares of Wipro, Bajaj Finance, TCS and Tata Motors. On the contrary, shares of HDFC Bank, Bajaj Finserv, Nestle India and Mahindra & Mahindra rose.
Global oil benchmark Brent crude futures were trading 0.35 per cent higher at US$90.97 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth a net Rs 1,136.47 crore on Thursday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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