Sensex drops 308 points ahead of RBI policy decision; RIL, HDFC Bank major drags
The 30-share BSE Sensex fell by 308.47 points or 0.38% to close at 80,710.25. During the day, it declined 464.32 points or 0.57% to hit an intraday low of 80,554.40.
The broader NSE Nifty fell 73.20 points or 0.30% to close at 24,649.55. In the intraday session, it slipped by 132.45 points or 0.53% to 24,590.30.
Among Sensex shares, Adani Ports, Reliance Industries, Infosys, ICICI Bank, Eternal, BEL, HDFC Bank, Power Grid, ITC and Sun Pharmaceutical were the major laggards.
However, Titan, Maruti, Trent, Bharti Airtel, Bajaj Finance, Tech Mahindra, State Bank of India, L&T, HCL Technologies and NTPC were among the gainers.
The BSE smallcap gauge went lower by 0.27% and the midcap index by 0.14%.
In Asian markets, South Korea's Kospi, Shanghai's SSE Composite index, Hong Kong's Hang Seng and Japan's Nikkei 225 index closed in the positive territory.
The European markets were trading in green. The U.S. markets ended higher on Monday.
Global oil benchmark Brent crude declined 1.02% to $68.06 a barrel.
Foreign Institutional Investors offloaded equities worth ₹2,566.51 crore while Domestic Institutional Investors purchased equities worth ₹4,386.29 crore on Monday, according to exchange data.
On Monday, the 30-share Sensex gained 418.81 points to settle at 81,018.72, and the NSE Nifty jumped by 157.40 points to close at 24,722.75.
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