The BSE Sensex surrendered early gains to trade over 137 points lower in opening trade as investors remained on the sidelines ahead of RBI’s monetary policy review meeting beginning today.
RBI’s second bi-monthly monetary policy meeting of 2018-19 will be held from June 4-6.
The 30-share index fell 137.60 points, or 0.39 %, to 35,089.66.
Similarly, the NSE Nifty declined by 48 points, or 0.44 %, to trade at 10,696.20
Major losers were HDFC Bank, Asian Paints, Adani Ports, TCS, HUL, Power Grid, Wipro and ONGC, falling up to 1.82 %.
The rupee advanced by 21 paise to a fresh one-month high of 66.85 against the dollar in early trade today.
Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 337.97 crore, while foreign portfolio investors (FPIs) sold equities to the tune of Rs 202.80 crore on Friday, provisional data showed.
Elsewhere in Asia, Hong Kong’s Hang Seng was up 1.33 %, while Japan’s Nikkei rose 1.33 % in early trade today. Shanghai Composite Index gained 0.17 %.
The US Dow Jones Industrial Average ended 0.90 % higher in Friday’s trade.
