Sensex Trips 125 Points Ahead of RBI Policy

Ahead of the unveiling of India\'s monetary policy for the current fiscal, key stock market indices opened lower today.

Published: 05th April 2016 09:43 AM  |   Last Updated: 05th April 2016 11:27 AM   |  A+A-


MUMBAI: Domestic investors were cautious ahead of Reserve Bank's monetary policy meet as the market benchmark Sensex dropped over 125 points in early trade while Asian cues were muted on overnight losses in US and fall in oil prices.

The 30-share index, which had gained 130.01 points in the previous session, was trading 125.40 points or 0.49 per cent lower at 25,274.25 with realty, auto, metal, banking, teck and IT stocks leading the fall.

The NSE Nifty also down by 32.80 points or 0.42 per cent at 7,726.

Brokers said besides a weak trend at other Asian bourses following overnight losses in the US markets, offloading of positions by participants ahead of RBI's first bi-monthly monetary policy for 2016-17 to be announced later in the day, influenced the sentiment.

Bucking the trend, stocks of state-run oil marketing companies such as Hindustan Petroleum, Bharat Petroleum and Indian Oil Corporation were trending higher by up to 2.36 per cent following a hike in petrol and diesel prices.

RIL too was higher by 0.31 per cent at Rs 1,038.40.

Among other Asian markets, Japan's Nikkei was down 2.19 per cent while Hong Kong's Hang Seng index fell 1.33 per cent in early trade. Shanghai Composite Index shed 0.29 per cent.

The US Dow Jones Industrial Average ended 0.31 per cent lower in yesterday's trade.

Stay up to date on all the latest Business news with The New Indian Express App. Download now


Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp