Tuesday, 7 February 2017
Sensex falls 104 pts, Nifty holds 8750 ahead of RBI policy
The benchmark indices moved away on Tuesday from 4-month highs hit in the previous session as investors were watchful ahead of the RBI’s policy decision due tomorrow. Also, the slackness in other Asian markets spoiled sentiment.
The BSE Sensex was down 104 points at 28,335 and the 50-share NSE Nifty was ended at 8,768, down 33 points. In the secondary benchmark, the BSE Mid-Cap and the BSE Small-Cap indices outperformed the frontline indices. Midcap closed 0.2% lower, while Smallcap ended little changed. The market breadth was downbeat. On BSE, 1,548 shares declined and 1,341 shares rose and a total of 117 shares were unchanged.
The Analysts are of view that RBI may keep rates unchanged, since it continues to assess the shock of the crackdown on high-value notes on inflation.
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