Sensex trades below 35K, midcaps recover sharply; PSU Bank up 1%

Sensex Down

The benchmark BSE Sensex dropped by 263 points in afternoon trade as investor sentiment weighed down by a sell off in global markets.

Investor caution continued after fear that the RBI may raise interest rates this week to rein in inflation concerns.

Capital goods, bank, metal, industrial, finance, basic material, consumer durables, realty and auto sectors witnessed selling. Telecom segment, however, witnessed good buying interest.

The 30-share BSE Sensex was down 263.20 points or 0.75 percent at 34,803.55 and the 50-share NSE Nifty fell 81.60 points or 0.76 percent to 10,679.00.

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Sensex, Nifty rangebound; RBI’s MPC meet outcome awaited Sensex, Nifty continue to be sluggish ahead of RBI policy; Europe mixed
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Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300