Sensex, Nifty Extend Decline; OMCs Fall Over 20%

The S&P BSE Sensex fell 0.3 percent or 125 points to 35,044 and the NSE Nifty 50 Index declined 0.74 percent or 78 points to 10,520.

Indian equity benchmarks extended decline ahead of the Reserve Bank of India’s monetary policy decision dragged by oil & gas stocks.

The mid- and small-cap shares were muted as both the indices were little changed on the BSE.

Nine of 19 sector gauges compiled by BSE were trading lower dragged by the S&P BSE Oil & Gas Index, which fell as much as 13 percent, its worst fall in a decade after the government asked state run oil marketing companies to cut retail fuel price by Re 1 per litre.

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Neal Bhai has been involved in the Bullion and Metals markets since 1998 – he has experience in many areas of the market from researching to trading and has worked in Delhi, India. Mobile No. - 9899900589 and 9582247600

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