Markets fall as investors turn cautious ahead of RBI monetary policy review, U.S. inflation data later this week
The Hindu
The 30-share BSE Sensex fell 106.98 points or 0.16% to settle at 65,846.50
Benchmark equity indices fell on August 8 as investors turned cautious ahead of the key events — RBI's monetary policy and the U.S. inflation data — due to be announced later this week.
Continuous foreign fund outflows and weak trend in Asian and European markets also played spoilsport for the domestic markets.
The 30-share BSE Sensex fell 106.98 points or 0.16% to settle at 65,846.50. During the day, it declined 200.85 points or 0.30% to 65,752.63.
The NSE Nifty slipped 26.45 points or 0.13% to end at 19,570.85.
Amid expectations of another status quo on the key interest rates, RBI Governor Shaktikanta Das-headed high-powered rate-setting panel MPC on Tuesday began its three-day meeting to firm up the next bi-monthly policy.
The decision of the Monetary Policy Committee (MPC) would be announced on Thursday, August 10, by Governor Das.
From the Sensex pack, Power Grid, Mahindra & Mahindra, JSW Steel, HCL Technologies, Sun Pharma, Nestle, IndusInd Bank, Reliance Industries, Bharti Airtel and ITC were the major laggards.