Sensex loses 93 points in early trade

Sensex zooms over 330 points Nifty re-claims 10,200 in opening trade

Taking a cue from global markets, the Sensitive Index (Sensex) of the BSE, which had closed at 33,019.07 points on Wednesday, opened higher at 33,289.96 points today. It finally ended 351.56 points, or 1.05 per cent, down at 33019.07.

According to a Mint poll, the central bank will keep interest rates unchanged in the first monetary policy review of the current fiscal year, amid a gradual recovery in growth and easing inflation.

Sensex took a breather on Friday after Thursday's 577 point rally as traders book profit in recent gainers.

"The markets also cheered the 'normal" southwest monsoon forecast by private weather forecasting agency Skymet. Nifty closed at 10,128, down by 117 points, and BSE Sensex slumped 352 points to close at 33,019.

However, there was a twist in the tale as markets nosedived in the late afternoon session on the back of some fresh worries arising on the trade war between the U.S. and China.

"Policy was in consonance with the neutral stance and limited the chances of rate hike in the near term due to favourable domestic triggers and consequent decline in yield". The reverse repo rate, at which it borrows from banks and absorbs excess liquidity, will remain at 5.75%.

The benchmark Sensex of the Bombay Stock Exchange (BSE) shed almost 100 points in early hours of trade today on profit booking by participants, ignoring a firm trend at other Asian stocks.

SBI (-1.6%), Vedanta (-1.6%), Infosys (-1%), Tata Motors (-1.3%) and L&T (-1.3%) were the top losers in today's trade. The Nifty too was down by 116.60 points or 1.14 per cent.

The index closed 1.76% higher at 25,323 level. While Japan's Nikkei 225 was trading in green, up by 1.73 per cent, South Korea's Kospi was also up by 1.43 per cent. Earlier, the provisioning limit was 50 per cent.

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