Dynamite News
Sensex snaps 4-day winning streak, drops 180 pts
Breaking its four-day rising streak, the BSE Sensex dropped about 180 points Wednesday on profit booking and forecast of below-normal monsoon this year.
Mumbai: Breaking its four-day rising streak, the BSE Sensex dropped about 180 points Wednesday on profit booking and forecast of below-normal monsoon this year.
After swinging nearly 450 points, the 30-share Sensex settled 179.53 points, or 0.46 per cent lower at 38,877.12.
The broader NSE Nifty too pared early gains and ended 69.25 points, or 0.59 per cent, down at 11,643.95.
The RBI's Monetary Policy Committee (MPC) is holding a three-day meeting between April 2 - 4 for the first policy statement for 2019-20.
The benchmark Brent crude futures rose 0.53 per cent to USD 69.74 per barrel. Meanwhile, the rupee appreciated 30 paise to 68.44 against the US dollar intra-day.(PTI)