Sensex loses 70 points, Nifty cautious ahead of RBI monetary policy review

At 9.42 am, the BSE Sensex was trading down 55.53 points or 0.16% to 34,956.36, while the broader NSE Nifty was trading lower by 0.30% or 31.70 points at 10,596.80.

business Updated: Jun 05, 2018 09:49 IST

The Bombay Stock Exchange (BSE) building is pictured next to a police van in Mumbai.(Reuters File Photo)

Domestic equity indices were trading lower on Tuesday, amid caution as the RBI monetary policy meet is underway.

At 9.42 am, the BSE Sensex was trading down 55.53 points or 0.16% to 34,956.36, while the broader NSE Nifty was trading lower by 0.30% or 31.70 points at 10,596.80.

Major laggards on the BSE Sensex included Powergrid, Yes Bank, Dr. Reddy’s, Bharti Airtel, L&T, Hero Motocorp, and Infosys, losing up to 2.95%.

Gains, on the other hand, were led by Reliance Industries, Wipro, HDFC Bank,IndusInd Bank and Tata Steel, rising up to 0.64% in early deals.

Investors remained cautious amid the RBI’s decision on key lending rates on Wednesday, as economists widely anticipate a tightening in monetary policy.

On Monday, the BSE Sensex sank 215 points to 35,011.89, 0.61% lower.