BCN-19-Sensex slips 137 pts in volatile trade

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ZCZC

BCN-19

INDIA-MARKETS

Sensex slips 137 pts in volatile trade

Mumbai, Jun 4, 2018 (BSS/PTI) – The BSE Sensex surrendered early gains to
trade over 137 points lower in opening trade as investors remained on the
sidelines ahead of RBI’s monetary policy review meeting beginning today.

RBI’s second bi-monthly monetary policy meeting of 2018-19 will be held
from June 4-6.

The 30-share index fell 137.60 points, or 0.39 per cent, to 35,089.66.

Similarly, the NSE Nifty declined by 48 points, or 0.44 per cent, to trade
at 10,696.20

Major losers were HDFC Bank, Asian Paints, Adani Ports, TCS, HUL, Power
Grid, Wipro and ONGC, falling up to 1.82 per cent.

The rupee advanced by 21 paise to a fresh one-month high of 66.85 against
the dollar in early trade today.

Meanwhile, on a net basis, domestic institutional investors (DIIs) bought
shares worth Rs 337.97 crore, while foreign portfolio investors (FPIs) sold
equities to the tune of Rs 202.80 crore on Friday, provisional data showed.

Elsewhere in Asia, Hong Kong’s Hang Seng was up 1.33 per cent, while
Japan’s Nikkei rose 1.33 per cent in early trade today. Shanghai Composite
Index gained 0.17 per cent. The US Dow Jones Industrial Average ended 0.90
per cent higher in Friday’s trade.

BSS/PTI/HR/1120