Mumbai : Market benchmark Sensex on Tuesday fell over 97 points, halting its three-day rally, and NSE Nifty slipped below the 8,700-mark as investors booked profits after the RBI maintained status quo in its monetary policy review.
Reserve Bank Governor Raghuram Rajan today left interest rates unchanged in his last monetary policy on inflationary pressures but said the central bank’s stance remains “accommodative”. The rupee weakening by 14 paise to 66.98 (intra-day) against the dollar during the day also weighed on the trading sentiment.
The 30-share index declined by 97.41 points, or 0.35 per cent, to 28,085.16 after shuttling between 28,289.96 and 27,956.77.
The gauge had gained over 485 points in the previous three sessions on positive global cues and the passage of long-pending Goods and Services Tax (GST) Constitutional Amendment bill by Parliament.
The wider National Stock Exchange index Nifty broke below the 8,700-mark and hit a low of 8,638.20 before settling 33.10 points or 0.38 per cent to 8,678.25. Intra-day, it touched a high of 8.728.35. “It was a volatile day on the bourses as key benchmark indices reacted to RBI Governor Raghuram Rajan’s last credit policy.
