Sensex and Nifty falls marginally ahead of RBI interest rate outcome

Dec 08, 2017, 01:38

The domestic unit opened lower at 64.44 per dollar against Tuesday's closing level of 64.38 per dollar at the interbank forex market. The benchmark BSE Sensex fell further by 100 points in early trade today due to selling in interest-sensitive stocks ahead of RBI's policy announcment later in the day.

Overseas, European shares were trading higher as tech stocks rebounded.

The Nifty soared 122.60 points, or 1.22 per cent, on Thursday to close at 10,166.70 after shuttling between 10,182.65 and 10,061.90. Most Asian shares declined as U.S. policy uncertainty kept sentiment in check.

It saw an intra-day movement of 120.75 points. Auto and bank stocks were also instrumental in pushing the numbers up.

Weak Asian cues as technology stocks tracked a sell-off in their USA counterparts that saw the Nasdaq tumbling over 1 per cent overnight, weighed on the sentiments, brokers said.

However, Sun Pharma, Wipro, Cipla, TCS and Coal India finished with losses.

The market breadth, indicating its overall health, was in favour of gainers.

Stocks of state-run oil marketing companies such as HPCL, BPCL and International Olympic Committee recorded gains of up to 1.83 per cent after global crude prices dropped by almost three per cent to trade below $63 a barrel.

Total securities that hit their price bands were 196.

Meanwhile, shares of the D-Mart parent Avenue Supermarts climbed 1.94 per cent after 20 lakh shares traded in a block deal. The market capitalisation of listed firms on the NSE stood at Rs 1,43,06,806.25 crore.