Benchmark indices BSE Sensex and NSE’s Nifty 50 swing on Monday. Photo: Reuters
- Mumbai: The benchmark Sensex and the Nifty 50 rose helped by gains in shares of banks and oil marketing companies. The Sensex fell over 300 points and the Nifty 50 slipped below 10,250 in early trade as the Reserve Bank of India’s decision to hold key interest rates and change stance to “calibrated tightening” failed to impress investors. Moreover, foreign investors have pulled out over Rs 9,300 crore from the Indian capital markets in the last four trading sessions on unabated fall in rupee and rise in crude oil price.In global markets, Asian stocks declined, led by China, and the yuan fell as investors assessed the latest move by the People’s Bank of China to loosen monetary policy. Japan was shut for a holiday, and Columbus Day in the US means no Treasuries trade on Monday. Oil prices fell below $84 per barrel after a US government official said Washington was considering granting waivers to its sanctions against Iran’s crude exports next month. Here are the latest updates from the markets: