June 7 Equity benchmark indices extended their fall for the third day running on Tuesday, with the BSE Sensex falling over 559 points in early trade as foreign fund outflows and crude oil prices continued to slide ahead of the RBI’s policy decision on Wednesday. doing.
The 30-share BSE Sensex was trading at 55,115.86, down 559.46 points. The broader NSE Nifty fell 161.05 points to 16,408.50.
From the Sensex pack, Titan, Dr Reddy’s, HUL, Asian Paints, Nestle, Sun Pharma, Maruti and Kotak Mahindra Bank were the biggest laggards.
Conversely, NTPC and Reliance Industries were among the gainers.
Elsewhere in Asia, markets in Tokyo and Shanghai were trading in the green, while Hong Kong and Seoul were trading lower.
US stock markets closed with gains on Monday.
“Two important figures coming out this week are important – RBI rate hike expected tomorrow and US inflation rate on Friday. The market direction is likely to be more influenced by inflation in the US, which in turn will decide whether How far is the Fed going to raise rates?
“This will be a key determinant of potential ‘risk off’ or ‘risk off’ in equity markets globally,” said VK Vijayakumar, Chief Investment Strategist, Geojit Financial Services.
On Monday, the Sensex closed 93.91 points or 0.17% lower at 55,675.32. Nifty closed 14.75 points or 0.09% lower at 16,569.55.
Meanwhile, international oil benchmark Brent crude jumped 0.69% to $120.33 a barrel.
Foreign institutional investors sold shares worth a net ₹2,397.65 crore on Monday, according to stock exchange data.