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

The benchmark BSE Sensex fell over 108 points in gap trade following a cautious stance adopted by participants earlier than the run policy review amid weak Asian cues.

The 30-share index fell by 108.10 points, or 0.32 %, to 32,761.62 as power, metal, infrastructure, capital merchandise, IT, teck, banking and car stocks declined.

The gauge had gained 36.78 points within the previous volatile session.

The NSE keen too was quoting 28.30 points, or 0.27 %, down at 10,099.45.

The RBI’s two-day financial policy review kicks off these days and therefore the call is due tomorrow. This has diode to marketing by investors, that adscititious to the negative mood.

Weak Asian cues as technology stocks tracked a sell-off in their North American country counterparts that saw the National Association of Securities Dealers Automated Quotations tumbling over 1 Chronicles nightlong, weighed on the emotions, brokers same.

Major losers that dragged down the key indices embrace Adani Ports, NTPC, Tata Steel, Power Grid, Bajaj Auto, Wipro, Coal India, Hero MotoCorp, HDFC Bank, ONGC, L&T, Dr Reddy’s and SBI.

Among alternative Asian markets, Hong Kong’s droop Seng was down 0.39 take some time Japan’s Nikkei shed 0.42 all through early session these days. Shanghai Composite Index too shed 0.02 %.

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