Dynamite News Sensex snaps 4-day winning streak, drops 180 pts
Breaking its four-day rising streak, the BSE Sensex dropped about 180 points Wednesday on profit booking and forecast of below-normal monsoon this year.
Mumbai: Breaking its four-day rising streak, the BSE Sensex dropped about 180 points Wednesday on profit booking and forecast of below-normal monsoon this year.
After swinging nearly 450 points, the 30-share Sensex settled 179.53 points, or 0.46 per cent lower at 38,877.12.
Also Read | Sensex, Nifty rally on robust GDP data, rupee recovery
The broader NSE Nifty too pared early gains and ended 69.25 points, or 0.59 per cent, down at 11,643.95.
Also Read |
Sensex, Nifty turn choppy on mixed Asian cues
The RBI's Monetary Policy Committee (MPC) is holding a three-day meeting between April 2 - 4 for the first policy statement for 2019-20.
The benchmark Brent crude futures rose 0.53 per cent to USD 69.74 per barrel. Meanwhile, the rupee appreciated 30 paise to 68.44 against the US dollar intra-day.(PTI)