Sensex slips 108 pts ahead of RBI meet, on Asian cues

Pablo Tucker
December 5, 2017

Equity markets remained under pressure throughout the trading session on Tuesday as Sensex and Nifty finished in the red.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 32,814.03 points, closed at 32,802.44 points - down 67.28 points or 0.20 per cent from Monday's close.

At 12.30 PM: Sensex was down by over 110 points or 0.34% to 32,759.48 while the wider Nifty was dpwn by over 31 points or 0.31% to 10,096.40.


Any gains in domestic equities are also likely to be capped ahead of the Reserve Bank of India's policy meeting on Wednesday.

Among the sectoral indices on BSE, power and metal indices slipped 1.06 per cent and 0.85 per cent. Telecom, Bankex and oil & gas indices closed higher by 0.83 per cent, 0.38 per cent and 0.16 per cent, respectively.

Data released during market hours revealed that the Nikkei Services purchasing managers' index in November fell to 48.5 points - the lowest since August - from 51.7 the previous month. It finally closed at 32,869.72, up 36.78 points, or 0.11 per cent.


"All eyes are now on RBI policy outcome which takes place tomorrow".

Sector-wise, Metal fell by 0.82 per cent, Realty 0.55 per cent, Auto 0.53 per cent, IT 0.51 per cent and FMCG 0.24 per cent. "On the macro front upcoming RBI policy and Gujarat state election will be an influential factor for investors which is steering the market to consolidate", said Vinod Nair, head of research, Geojit Financial Services.

Major losers that dragged down the key indices include Adani Ports, NTPC, Tata Steel, Power Grid, Bajaj Auto, Wipro, Coal India, Hero MotoCorp, HDFC Bank, ONGC, L&T, Dr Reddy's and SBI. Find us on Facebook too!


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