Sensex, Nifty under pressure; Hero drops, Bharti gains

Equity benchmarks fell 0.4 percent in morning trade ahead of RBI policy meet. The Sensex lost 115.47 points to 27733.52 and the Nifty declined 37.45 points to 8395.95 due to selling in private banking & financials, FMCG, metals and pharma stocks.

Shares of HDFC, Infosys, Reliance Industries, L&T, HUL, Cipla, Dr Reddy’s Labs, Wipro and Vedanta declined 0.5-1 percent while Bharti Airtel, Tata Motors, TCS, HDFC Bank and SBI gained 0.2-1.3 percent.

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Posted in: Indian Market Tips