Sensex, Nifty Snap 4-Day Winning Run Ahead of RBI
Sensex and Nifty end lower, snapping a four-session winning streak as investors turn cautious ahead of the RBI monetary policy decision on Wednesday.
Mumbai, Aug 4 — Benchmark equity indices ended lower on Tuesday, snapping their four-session winning streak, as investors turned cautious ahead of the Reserve Bank of India’s monetary policy decision due on Wednesday.
Weakness in banking, financial and IT stocks weighed on market sentiment. The Sensex declined 210.08 points, or 0.27 per cent, to settle at 78,428.95. The Nifty fell 159.40 points, or 0.64 per cent, to close at 24,614.90.
On the technical front, analysts noted that the Nifty gradually drifted lower through the day, slipping towards the 24,400 support zone and marking an intra-day low of 24,428. “Although it attempted a recovery from lower levels, buying interest remained limited, and the index faced selling pressure near the 24,500 zone, reinforcing it as the immediate resistance zone,” an analyst said.
