Mumbai, December 6: Key Indian equity domestic indices- BSE Sensex and NSE Nifty opened on a negative note during early morning trade on Wednesday. Benchmark Sensex was down by over 72 points or 0.22% to 32,730.30 while the wider Nifty was down by over 36 points or 0.36% to 10,081.50 during early morning trade on Wednesday. During the pre-opening session, Sensex was up by 38 points while the wider Nifty was trading above 10,100. The Indian rupee opened at 64.47 a dollar on Wednesday. During the early morning trade, the home currency was trading at 64.44 a dollar, down 0.10% from its Tuesday’s close of 64.38.
At 3.30 PM: Sensex closed 205 points down or 0.63% to 32,597.18 while the wider Nifty ended low by over 74 points or 0.73% to 10,044.10 as he RBI’s Monetary Policy Committee decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent but has raised the inflation forecast for remainder of the current financial year to 4.3-4.7 per cent.
At 2.30 PM: Markets continued to trade in red during afternoon trade on Wednesday. Sensex was down by over 151 points or 0.46% to 32,650.92 while the wider Nifty was down by 49 points or 0.49% to 10,068.85.
At 1.30 PM: Sensex was down by over 114 Points or 0.35% to 32,688.31 while the wider Nifty was down by over 47 points or 0.47% to 10,070.75. Reports by PTI stated that foreign portfolio investors (FPIs) sold shares worth a net Rs 1,470.56 crore yesterday, as per provisional data. Domestic institutional investors (DIIs) bought equities worth a net Rs 1,074.39 crore.
At 12.30 PM: Sensex slumped 111 points or 0.34% to 32,690.59 while the wider Nifty was down by over 47 points or 0.47% to 10,070.50. The buying interest in index heavyweights like energy and IT sectors cushioned the losses. The major losers were Tata Steel 1.70 per cent, SBI 1.21 per cent, Bajaj Auto 0.94 per cent, ITC 0.83 per cent and HDFC 0.70 per cent.
At 10.30 AM: Sensex was down by over 77 points or 0.24% to 32,725.24 while the wider Nifty was down by over 33 points or 0.33% to 10,084.40 due to selling in interest-sensitive stocks ahead of RBI’s policy announcement later in the day.
On Tuesday, markets ended in red. Sensex closed 67 points low or 0.20% at 32,802.44 while the wider Nifty was down by over 9 points or 0.09% to 10,118.25 as cautious investors trimmed their portfolios ahead of RBI’s policy announcement amid subdued macro cues. The Reserve Bank’s two-day monetary policy review kicked off on Tuesday. The central bank is widely expected to keep policy rates unchanged tomorrow and will stay focused on controlling inflation, experts said.