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 Reserve Bank's two-day monetary policy review kicked off on Tuesday.

The benchmark BSE Sensex dropped 67.28 points or 0.20 percent to 32,802.44 while the broader Nifty index ended down 9.50 points or 0.09 percent at 10,118.25.

A total of 30 stocks registered a fresh 52-week high in trade today, while 13 stocks touched a new 52-week low on the NSE.

"The recent correction in PSU banks provides an opportunity for investors to accumulate as the long term prospects remains strong owing to healthy recapitalisation".

According to provisional data, foreign funds had bought shares worth Rs 306.11 crore on Friday.

Hero MotoCorp was the worst performer in the Sensex pack, falling 2.31 per cent, followed by Wipro at 2.29 per cent.

Bucking the trend, SBI topped the gainers list by rising 1.92 per cent, while Bharti Airtel gained 1.18 per cent.

Among the BSE sectoral indices, power fell 1.06%, followed by metal 0.85%, capital goods 0.62%, consumer durables 0.61%, infra 0.56%, auto 0.52% and IT 0.38%.

The BSE Mid-cap Index and BSE Small-cap Index were trading lower at 16,679 and 17,834 respectively. Among other Asian markets, Hong Kong's Hang Seng was down 0.39 per cent while Japan's Nikkei shed 0.42 per cent in early session today. "We also had some index heavyweights supporting positivity, putting a temporary stop to the negativity that we had seen late last week", said Anand James, chief market strategist, Geojit Financial Services.

The Dow Jones Industrial Average index fell 40.76 points or 0.17 per cent to 24,231, while the S&P500 lost 5.36 points or 0.20 per cent to 2,642.



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