The benchmark BSE Sensex fell for the second straight time on Monday in volatile trading with profit-taking in oil, IT and auto stocks ahead of Wednesday’s RBI policy announcement. His BSE benchmark for 30 stocks has him down 33.9 points or 0.05% to settle at 62,834.60. It fell 346 points during the day.
The wider NSE Nifty posted marginal gains, finishing 4.95 points or 0.03% higher at 18,701.05.
Among Sensex, Reliance Industries, Tech Mahindra, UltraTech Cement, Dr Reddy’s, Axis Bank, Bharti Airtel, Bajaj Finserv and Mahindra & Mahindra were the main laggards.
Tata Steel, NTPC, SBI, IndusInd Bank and Power Grid were among the winners. “The market continued its profit-making trend as investors acted cautiously ahead of the RBI policy announcement.
This was partly due to higher oil prices due to OPEC’s decision not to cut production targets, and China’s easing of Covid policies,” said Vinod Nair, head of research at Geojit Financial Services. .
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