NSE & BSE fall in early trade

BSE Sensex declined by 156.76 points to reach 62,711.74 after a weak beginning & the broader NSE Nifty dipped by 38.95 points to end at 18,657.15
NSE & BSE fall in early trade
NSE & BSE fall in early trade

Mumbai: Equity benchmark indices fell in early trade on Monday, extending its previous day's decline amid profit-taking after rallying to all-time high levels last week. The 30-share BSE Sensex declined by 156.76 points to settle at 62,711.74 after a weak beginning. The broader NSE Nifty dipped by 38.95 points to end at 18,657.15. The 30-share BSE benchmark fell by 415.69 points or 0.66 percent to settle at 62,868.50 on December 2. The Nifty dipped by 116.40 points or 0.62 percent to end at 18,696.10. Foreign Institutional Investors (FIIs) bought shares worth Rs 214.76 crore on December 2, as per exchange data.

Position of stocks listed in BSE

Among the Sensex pack, Hindustan Unilever, Nestle, Power Grid, Titan, Bharti Airtel, Asian Paints, HDFC and Reliance Industries were the major laggards.

Tata Steel, IndusInd Bank, Wipro and Bajaj Finance were among the winners.

Performance of markets worldwide

Asian markets in Tokyo, Shanghai and Hong Kong quoted higher, while Seoul traded lower.

Wall Street had ended on a mixed note on December 2.

International oil benchmark Brent crude was trading 1.10 percent higher at USD 86.51 per barrel.

"The market's response to the RBI's policy meeting, together with other macroeconomic data and events on the domestic and global fronts will decide the direction of the Indian equity market," said Mohit Nigam, Fund manager & Head, Hem Securities.

The RBI will come out with its next bi-monthly policy review on December 7 at the end of a three-day meeting of the Monetary Policy Committee (MPC) beginning Monday.

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