Sensex ends 36 points higher; Nifty settles at 10127

Sensex ends 36 points higher; Nifty settles at 10127

According to market observers, investors traded with caution ahead of the outcome of the Reserve Bank of India's (RBI) two-day policy review meet on Wednesday. The central bank is widely expected to keep policy rates unchanged tomorrow and will stay focused on controlling inflation, experts said.

The benchmark BSE Sensex was down 150 points or 0.46 percent at 32,718 while the broader Nifty index was down 37 points or 0.37 percent at 10,090.75.

Meanwhile, services sector activity slipped into the contraction territory during November, post the implementation of the Goods and Service Tax (GST) that led to sluggish demand and lower customer turnout, a monthly survey said.

Provisional data with the exchanges showed that foreign institutional investors sold scrips worth Rs 1,470.56 crore while domestic institutional investors bought stocks worth Rs 1,074.39 crore. "The recent correction in PSU banks provides an opportunity for investors to accumulate as the long term prospects remains strong owing to healthy recapitalisation".

'Karma,' 'prayers': Antonio Brown, Le'Veon Bell reflect on Vontaze Burfict hit
Smith-Schuster was called for unnecessary roughness and taunting, though he wasn't kicked out of the game. Bell threw his hand towards Burfict's helmet, and Burfict sold the contact as he fell to ground.

Major index gainers were SBI, Bajaj Finance, Yes Bank, Reliance, Bharti Airtel, IndusInd Bank, BPCL and Indiabulls Housing Finance.

Among BSE sectoral indices, IT index gained the most by 1.37 per cent, followed by TECk 1.08 per cent, metal 0.5 per cent and healthcare 0.32 per cent.

In the broader markets, the S&P BSE mid-cap index closed lower by 0.09 per cent and the small-cap index by 0.52 per cent. The S&P500 index fell 0.11 per cent to 2,639.44 after touching a record high earlier in the session. European markets too saw a weak trend. The Nasdaq Composite index also dropped 26.39 points or 0.38 per cent to 6,847.59 on developments with a probe into Russia's alleged involvement in the USA election as well as with progress on a tax Bill in Congress.