Sensex fall down 125 pts ahead of RBI policy

Business
Apr 05 2016 11:15 AM
Harshita

Sensex fall down 125 pts ahead of RBI policy

Sensex fall down over 125 points in early trade today, while domestic investors were cautious ahead of Reserve Bank's monetary policy meet as the market benchmark. Also, Asian cues mouth is shut due to hike in price of fuel overnight.

The 30-share index, which had gained 130.01 points in the previous session, was trading 125.40 points or 0.49 per cent lower at 25,274.25 with realty, auto, metal, banking, teck and IT stocks leading the fall. The NSE Nifty also down by 32.80 points or 0.42 per cent at 7,726.

Brokers said besides a weak trend at other Asian bourses following overnight losses in the US markets, offloading of positions by participants ahead of RBI's first bi-monthly monetary policy for 2016-17 to be announced later in the day, influenced the sentiment.

In other Asian market, Japan's Nikkei was down 2.19 per cent while Hong Kong's Hang Seng index fell 1.33 per cent in early trade. Shanghai Composite Index shed 0.29 per cent.

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