Sensex drops over 150 pts ahead of RBI board meet


Team Udayavani, Feb 18, 2019, 4:52 AM IST

Mumbai: The BSE benchmark Sensex Monday fell over 150 points, led by weakness in auto, IT and financial stocks amid heavy selling by foreign institutional investors, as investors turned cautious ahead of RBI’s board meet.

The 30-share index, after rising over 100 points, fell 158.94 points, or 0.44 per cent, to 35,650.01. Similarly, the 50-share NSE Nifty fell 44.45 points, or 0.41 per cent, to 10,679.95.

According to traders, investors were cautious ahead of RBI’s board meeting.

Finance Minister Arun Jaitley is scheduled to address the customary post-budget meeting of the central board of the Reserve Bank later in the day, and highlight the key points of the interim Budget, including the fiscal consolidation roadmap.

The meeting, according to sources, will take a call on the interim dividend to be paid to the government during the current fiscal.

Yes Bank fell up to 5 per cent after the private bank, in a regulatory filing Friday, said it had received a letter from the Reserve Bank of India (RBI) which noted that the risk assessment report (RAR) was marked ‘confidential’.

It was expected that no part of the report be divulged except for the information in the form and manner of disclosure prescribed by regulations, the RBI letter said, adding that the issuance of a press release has, therefore, been viewed seriously by the RBI and could entail further regulatory action/s.

Other losers on the Sensex pack include HCL Tech, HUL, Bajaj Auto, TCS, Reliance, Bajaj Finance, Asian Paints, M&M and Bharti Airtel, falling up to 1.68 per cent.

While, NTPC, Vedanta, Tata Steel, ONGC, SBI, L&T, PowerGrid, ITC and Sun Pharma were the top gainers, rising up to 2.24 per cent.

Meanwhile, on a net basis, foreign institutional investors sold shares worth a net of Rs 966.43 crore on Friday, while domestic institutional investors were net buyers to the tune of Rs 853.25 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong’s Hang Seng rallied 1.67 per cent, Shanghai Composite Index was up 1.79 per cent higher, Kospi gained 0.73 per cent, and Japan’s Nikkei soared 1.78 per cent in early trade.

On Wall Street, Dow Jones Industrial Average ended 1.33 per cent higher on Friday.

The rupee, meanwhile, was trading depreciated 13 paise against US dollar to 71.36.

The benchmark Brent crude futures slipped 0.09 per cent to USD 66.19 per barrel.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

SC notice to Karnataka, DK Shivakumar on CBI plea against withdrawal of consent by state govt

Will remain active in politics till my last breath: JD(S) patriarch & ex-PM Deve Gowda

BJP calls Congress govt ‘laughing stock’ as ‘samosa politics’ heats up in Himachal

Chikkaballapur: Yoga teacher feigns death by holding her breath, escapes murder bid

World Bunts Summit to be held in Mumbai on December 7

SC dismisses PIL seeking CBI probe into Tirupati laddus row

Salman Khan gets another threat; message sent to Mumbai traffic police helpline

Related Articles More

Sensex, Nifty fall for 2nd day on FII selling; RIL, ICICI Bank major drag

Sensex, Nifty fall over 1 pc, snap two-day rally ahead of US Fed interest rate decision

SC orders liquidation of grounded air carrier Jet Airways’ assets

Home-cooked meals become dearer in October on costlier vegetables

Sensex, Nifty surge over 1 pc on heavy buying in IT stocks as Trump set to win US polls

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

No greater feeling than serving those in need: Outgoing CJI D Y Chandrachud

Baikampady: Here, even elederly have to crawl under trains to cross tracks!

CJI Chandrachud: A legacy of landmark verdicts that shaped society and some controversy too

Neeraj Chopra to head to South Africa for off-season training later this month

Sensex, Nifty fall for 2nd day on FII selling; RIL, ICICI Bank major drag

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.