Sensex, Nifty end lower as traders cautious ahead of RBI decision

Markets open on a negative note Sensex 0.19 per cent down

Markets open on a negative note Sensex 0.19 per cent down

Key Indian equity indices recovered from their day's lows to provisionally close on a flat-to-negative note on Tuesday, even as broadly negative global cues and heavy selling pressure in auto, consumer durables and metal stocks kept market sentiment subdued.

Trading was highly volatile throughout the day ahead of RBI's monetary policy review and Gujarat elections later this week. Sensex was down by over 64 points or 0.20% to 32,805.60 while the wider Nifty was down by over 21 points or 0.21% to 10,106.40.

Investors maintained their cautious stance ahead of RBI policy decision tomorrow.

The Nifty jumped 57.40 points or 0.56 per cent to 10,179.20.

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.

However, buying in media, energy, banking and financials sectors capped the losses.

In the broader markets, the S&P BSE mid-cap index closed higher by 0.41 per cent, whereas the small-cap index inched down by 0.03 per cent.

On the currency front, the rupee closed nearly flat at 64.38-39 against the U.S. dollar from its previous close at 64.37-38. On the other hand, realty index fell 0.54 per cent, power 0.41 per cent, banking 0.3 per cent and auto 0.21 per cent.

Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 1,470.56 crore while domestic institutional investors bought stocks worth Rs 1,074.39 crore. The Nasdaq Composite index also dropped 26.39 points or 0.38 per cent to 6,847.59 on developments with a probe into Russia's alleged involvement in the U.S. election as well as with progress on a tax Bill in Congress.

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