Delhi Delhi. Benchmark indices Sensex and Nifty fell for the second consecutive day on Thursday amid caution ahead of RBI’s monetary policy decision and fresh foreign fund withdrawals. The 30-share BSE Sensex closed 213.12 points or 0.27 per cent lower at 78,058.16. During the day, it fell 427.29 points or 0.54 per cent to 77,843.99. The NSE Nifty fell 92.95 points or 0.39 per cent to 23,603.35, while its 30 components closed with losses. Among Sensex stocks, Bharti Airtel, Titan, NTPC, State Bank of India, ITC, Tata Steel, Mahindra & Mahindra and Tata Motors were the major laggards. Shares of Adani Ports, Infosys, Axis Bank, HCL Technologies, Tech Mahindra and IndusInd Bank gained. Foreign institutional investors (FIIs) sold shares worth Rs 1,682.83 crore on Wednesday. This information was received from exchange data. The Reserve Bank of India (RBI) began deliberations on monetary policy on Wednesday and the decision on it will be announced on Friday. Vinod Nair, Head of Research at Geojit Financial Services, said, “Benchmark indices witnessed a marginal decline as investors awaited the RBI’s decision on a possible interest rate cut amid the trade war. The broader market remained cautious and in a consolidation phase despite the government’s focus on boosting consumption to curb low growth.” Among Asian markets, Seoul, Tokyo and Hong Kong closed in positive territory. European markets traded with gains. US markets closed with gains on Wednesday.
Stock markets fell for the second consecutive day before the RBI policy decision
