Equity benchmarks snapped
three-day winning streak on Monday as investors looked cautious ahead of RBI
monetary policy review scheduled to be announced on Tuesday. The 30-share BSE
Sensex fell 134.37 points to 28559.62 and the 50-share NSE Nifty slipped 32.35
points to close at 8555.90.The market breadth indicating the overall health of
the market was negative. The barometer index, the S&P BSE Sensex, was
provisionally off 134.90 points or 0.47% at 28,559.09. A sudden slide took key
benchmark indices into the red from green in mid-afternoon trade.
Before that, key indices had
moved within a narrow range. Earlier, key benchmark indices had trimmed gains
amid volatility in early trade. The 50-unit CNX Nifty had trimmed gains after
hitting record high in early tradeThe Nifty was down 32.35 points or 0.38% at
8,555.90. The index hit a low of 8,545.15 in intraday trade. The index hit a
high of 8,623 in intraday trade, a record high for the index.
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