Key indices in price divergence on flat note
Market bellwether Sensex fell 34 pts, recording its second day of decline after an 8-day rally, while Nifty edged up; Investors in wait n watch mode ahead of RBI monetary policy announcement on Dec 7
image for illustrative purpose
Mumbai: Benchmark BSE Sensex fell for the second straight session on Monday in a volatile trade due to profit taking in oil, IT and auto stocks ahead of the RBI policy announcement on December 7. The 30-share BSE benchmark dipped 33.9 points or 0.05 per cent to settle at 62,834.60. During the day, it fell 360.62 points or 0.57 per cent to 62,507.88. The broader NSE Nifty eked out marginal gains and ended 4.95 points or 0.03 per cent higher at 18,701.05.
"Market continued its profit-booking trend from the record high as they exercised prudence ahead of the RBI policy announcement on December 7. Partially, it was also due to increase in crude prices due to OPEC decision not to cut output target, and ease in China's Covid policy," said Vinod Nair, head (research) at Geojit Financial Services.
"Markets made a muted start to the week and ended almost unchanged. After the flat start, the Nifty index oscillated in a narrow range and finally settled at the 18,701 level," said Ajit Mishra, V-P (technical research), Religare Broking Ltd.
Foreign Institutional Investors (FIIs) bought shares worth Rs 214.76 crore on Friday, as per exchange data.
In the broader market, BSE smallcap gauge climbed 0.25 per cent and midcap index advanced 0.10 per cent. Among sectoral indices, metal jumped 2.37 per cent, commodities realty (0.74 per cent), bankex (0.46 per cent) and financial services (0.35 per cent).
