Sensex breaks 6-day profitable streak, falls 52 factors forward of RBI’s coverage outcomes

closing bell

Inventory Market Highlights: Fairness markets tumbled as traders booked income after six consecutive periods of rally and forward of RBI’s financial coverage final result on Friday. The S&P BSE Sensex climbed 1,136 factors through the day earlier than closing 52 factors or 0.09 per cent decrease at 58,299.

The NSE Nifty 50, however, misplaced 6 factors or 0.04 per cent to shut at 17,382 after hitting a excessive of 17,491 and a low of 17,161 through the day.

Defensive sectors had been outperformers right this moment, with Nifty Pharma (up 2.37 per cent), Nifty IT (1.2 per cent) and Nifty FMCG (0.5 per cent) being the highest gainers within the indices. PSU banks had been the worst hit right this moment, with the Nifty PSB index falling 1.75 per cent.

In particular person shares, Cipla, Nestle India, Solar Pharma, Infosys, Apollo Hospitals, Hindalco, Divis Labs, Dr Reddy’s Labs and JSW Metal rose between 1 per cent and three.2 per cent. On the draw back, NTPC, Tata Client Merchandise, Coal India, RIL, SBI, Shree Cement, Energy Grid, Kotak Financial institution and Axis Ball fell within the vary of 1 per cent to three per cent.

Among the many broader markets, the BSE Midcap and Smallcap indices rose 0.3 per cent and 0.2 per cent, respectively.

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