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Indian Equity Markets Erase Early Gains Amid RBI Policy Meet and US Tariff Concerns
Indian Equity Markets Erase Early Gains Amid RBI Policy Meet and US Tariff Concerns
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BTCCSquare news:
Indian benchmark indices swung between gains and losses during Monday's session as the Reserve Bank of India's monetary policy meeting and global trade tensions dominated investor sentiment. The Sensex surrendered a 420-point advance to trade 0.14% lower at 80,313.34 by midday, while the Nifty 50 slipped 0.08% to 24,635.70.
Sectoral performance remained mixed with oil & gas, PSU banks, and metals bucking the downward trend. IndusInd Bank and Wipro emerged as top performers, while Axis Bank and Dr Reddy's Laboratories led the decliners. Market breadth turned negative with 1,682 stocks falling versus 1,235 gainers on the NSE.
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