BackSensex ends lower in volatile trade ahead of RBI policy
The benchmark BSE Sensex closed at 26,597.11, down 29.21 points, or 0.11%
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Mumbai: In volatile trade, the benchmark Sensex on Monday fell about 29 points as participants adopted a cautious stance ahead of the Reserve Bank of India (RBI) policy review on Tuesday.
Profit-booking and a weakening rupee that depreciated 47 paise against the dollar to 61.58 intraday also weighed on the stock market sentiment, equity brokers said.
The BSE Sensex after commencing on a higher note, continued to rise and touched intra-day high of 26,715.77.
However, off-loading of positions by participants and profit-booking in select counters pushed it back to close at 26,597.11, down 29.21 points, or 0.11%.
Intraday, it had touched the day’s low of 26,518.01.
The Sensex gained 157.96 points on Friday after S&P raised India’s outlook to stable from negative.
In the 30-share Sensex on Monday, 21 closed with losses, while nine others ended higher.
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