Monday 29 September 2014

Sensex down 30 points in morning trade ahead of RBI policy

Continuing Tuesday's weakness, the 30-share index moved further down by 30.38 points, or 0.11 percent, to 26,566.73, with metal, FMCG, PSU, oil & gas and banking sector stocks leading the fall. The gauge had lost 29.21 points in the previous session.

Also, the National Stock Exchange index Nifty shed 11.25 points, or 0.14 percent, to 7,947.65 in morning trade.

Brokers said besides weak trend on other Asian countries tracking overnight fall in the US markets, selective selling by cautious funds and retail investors ahead of RBI's policy review later in the day influenced sentiments.
  
Among other Asian markets, Hong Kong Hang Seng down 0.40 percent, while Japan's Nikkei shed 0.36 percent in morning trade on Tuesday.
  
The US Dow Jones Industrial Average ended 0.25 percent  lower in Tuesday's trade.

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