Sensex, Nifty Halt Record Run Ahead Of RBI Policy

Indian equity benchmarks halted a four-day rally to close off record highs ahead of the RBI policy.

The S&P BSE Sensex ended 0.46 lower at 38,877.12 after hitting an all-time high at 39,720 intraday. The NSE Nifty 50 ended at 11,643.95, down 0.59 percent. The 50-share index also clocked an all-time high after hitting 11,761 intraday. The broader market index represented by the NSE Nifty 500 Index ended 0.64 percent lower.

The market breadth was tilted in favour of sellers. About 1,156 stocks fell and 613 shares advanced on National Stock Exchange.

All the sectoral gauges compiled by NSE fell, led by the NSE Nifty PSU Bank Index’s 2.7 percent decline.

Triveni Turbine

• Stock rose as much as 10.2 percent to Rs 121.80.
• Trading volume was more than 18 times its 20-day average

Amara Raja Batteries

• Stock fell as much as 10 percent to Rs 650.
• Trading volume was more than 16 times its 20-day average.

KPR Mill

• Stock fell as much as 2.9 percent to Rs 560.05.
• Trading volume was more than five times its 20-day average.

Navin Fluorine International

• Stock rose as much as 4.2 percent to Rs 781.90.
• Trading volume was more than five times its 20-day average.

Essel Propack

• Stock fell as much as 15.3 percent to Rs 103.75.
• Trading volume was more than three times its 20-day average.

European equities advanced and mining shares led the gains on optimism the U.S. and China will come to a trade agreement.

Shares of Federal-Mogul Goetze rose as much as 6.7 percent, the most since March 20, to Rs 574.

The stock rose 1.5 percent in the past five trading session and advanced 18 percent in the past 30 sessions.

Shares of Vodafone Idea fell for the third consecutive trading session to trade at an all-time low at Rs 16.60.

The stock declined nearly 27.2 percent so far this year and fell 64.5 in the past 12 monts.