The Bombay Stock Exchange benchmark Sensex declined by 103 points in early trade Thursday as funds and retail investors booked profits ahead of RBI’s monetary policy review later in the day.
Brokers said emergence of profit-booking after recent gains as participants adopted cautious approach ahead of the Reserve Bank’s mid-quarterly review of the monetary policy to be announced later Thursday, put pressure on the stock prices.
The Economic Survey, which is the summary and analysis how the economy fared in the past fiscal year, will also be tabled in Parliament on Thursday.
The 30-share barometer, which had gained over 773 points in the past four sessions, declined by 103.08 points, or 0.58 per cent, to 17,816.22 with all the sectoral indices, led by realty and metals, falling by up to 1.78 per cent.
The wide-based National Stock Exchange Nifty index also moved down by 26.95 points, or 0.49 per cent, to 5,436.50.
Meanwhile, in Asia, Hong Kong’s Hang Seng was down 0.02 per cent, while Japan’s Nikkei rose by 0.62 per cent in early trade Thursday.
