Sensex drops 132 points after RBI policy outcome; banking stocks drag

Nestle India was the top laggard in the Sensex pack, shedding around 2 per cent, followed by SBI, HDFC Bank, Axis Bank, ICICI Bank, Reliance Industries, HUL and Dr Reddy's.

Mumbai: Equity benchmark Sensex declined 132 points on Friday, led by profit-booking in banking stocks after the Reserve Bank of India’s monetary policy announcements.

The 30-share BSE index ended 132.38 points or 0.25 per cent lower at 52,100.05, while the broader NSE Nifty slipped 20.10 points or 0.13 per cent to 15,670.25.

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Nestle India was the top laggard in the Sensex pack, shedding around 2 per cent, followed by SBI, HDFC Bank, Axis Bank, ICICI Bank, Reliance Industries, HUL and Dr Reddy’s.

On the other hand, Bajaj Finserv, ONGC, L&T, Bajaj Finance and HDFC were among the gainers.

Barring metals and realty, most key sectoral indices traded in red today. However, midcap and smallcap stocks continued to outperform led by improved earnings visibility. Weak global cues also weighed on sentiments.

Bourses in Shanghai ended with gains, while Hong Kong, Tokyo and Seoul were in the red. Equities in Europe were trading on a negative note in mid-session deals.

International oil benchmark Brent crude was trading 0.38 per cent higher at $71.58 per barrel.

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