Sensex, Nifty Slide Ahead of RBI Monetary Policy

Subscribe to GoodReturns
For Quick Alerts
For Daily Alerts

    The Sensex and the Nifty opened the day flat ahead of the Reserve Bank of India's (RBI) Monetary policy, but came under severe selling pressure after a few minutes of trade.

    Sensex, Nifty Slide Ahead of RBI Monetary Policy
    The Sensex was trading lower by 170 points, while the Nifty was down 53 points. Leading the set of losers from the Nifty and the Sensex were banking stocks which were marginally lower ahead of the RBI's Monetary Policy.

    HDFC Bank, Yes Bank and IndusInd Bank were among the major losers in trade. PSU banking stocks also lost ground with stocks like Canara Bank and Yes Bank among the losers.

    Sun Pharma which had fallen by 10 per cent in trade recovered lost ground and was trading marginally higher.

    Hero Motor Corp was trading lower by 2 per cent and Tata Power down by 2 per cent were the top losers from the Nifty.

    The rupee meanwhile opened steady ahead of the RBI's policy. The currency was trading at 63.48 to the dollar.

    Apart from the RBI Monetary Policy, the focus would also be on Greece. Yesterday, the leaders of Germany, France, the International Monetary Fund, the European Central Bank agreed for closer coordination with Greece ahead of the Monetary Policy.

    Read more about: sensex nifty
    Story first published: Tuesday, June 2, 2015, 9:42 [IST]
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more