Investors await cues from RBI MPC meet outcome, Sensex down 200 points; Nifty below 10,800
Equity benchmarks continued to trade lower ahead of RBI MPC’s meeting outcome.
The Sensex is down 231.16 points or 0.64% at 35903.15, while the Nifty is lower by 87.30 points or 0.80% at 10782.20. The market breadth is negative as 626 shares advanced, against a decline of 1391 shares, while 101 shares were unchanged. Shares of paper companies are soaring in trade amid reports that the government has imposed anti-dumping duty on uncoated copier paper imports from Indonesia, Thailand, and Singapore. Benchmark indices started the day with 0.5 percent cut with Sensex slipped below 36,000 level, while Nifty is trading around 10,800 level.
Indiabulls Housing, Tata Motors DVR, Adani Power, Zee, Bharat Forge, Kesoram Industries and DHFL are trading lower, while Jet Airways, ONGC, Adani Ports are trading higher.
The Sensex is down 166.52 points at 35967.79, while Nifty is down 51.50 points at 10818. About 215 shares have advanced, 591 shares declined, and 41 shares are unchanged. Benchmark indices are trading mixed in the pre-opening session with Nifty is below 10,850 level.
At 09:04 hrs IST, the Sensex is down 24.60 points or 0.07% at 36109.71, and the Nifty down 30.20 points or 0.28% at 10839.30.
Bajaj Auto, Kesoram Industries are trading higher, while Tata Motors is down 2 percent. Wall Street tumbled more than 3 percent on Tuesday, led lower by the bank and industrial shares, as the US bond market sent unsettling signs about economic growth and investors worried anew about global trade.
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