Budget 2018: Markets Tank on Negative Sentiment; Sensex Falls Over 500 Points, Nifty Down by 150 Points
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.
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.