Mumbai: The BSE Sensex fell on Monday, led by declines in technology stocks such as Tata Consultancy Services on caution ahead of a scheduled meeting between the management and analysts later in the day amid concerns the software services provider will deliver a downcast view on the sector.
The BSE Sensex closed 72.83 points or 0.38 per cent down at 19244.42. Meanwhile, Nifty fell 21.70 points or 0.37 per cent to close at 5857.90.
Tata Consultancy Services provisionally fell 3 per cent, while Infosys ended 0.9 per cent lower.
However, some interest-rate sensitive stocks gain ahead of the central bank's policy review on Tuesday. Although RBI is not expected to ease policy then, traders say it could cut the cash reserve ratio or sound more dovish on inflation.
Rate-sensitive stocks such as State Bank of India gains 1 per cent while the ICICI Bank is up 0.8 per cent. Tata Motors gains 0.8 per cent, up for a third day on JLR's November sales.
Comments
0 comment