Markets fall in early trade ahead of RBI policy announcement; Sensex tumble nearly 200 points

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Key Points

Benchmark equity indices Sensex and Nifty retreated from their record peaks and traded lower in early trade on Friday as investors turned cautious ahead of RBIs interest rate decision, amid muted global trends and higher crude oil prices...

The 30-share BSE Sensex tanked 196.49 points or 0.25 per cent to 74,031.14..

Among the Sensex constituents, 24 stocks were trading in red with Tech Mahindra, JSW Steel, L&T, Tata Steel, and Axis Bank being the major laggards...

It is possible that the exuberant Indian investors Domestic Institutional Investors (DIIs) flush with money may ignore the headwinds buy the dips imparting resilience to the market, he said, adding, amidst market weakness, banking stocks provide opportunities to buy...

On Thursday, the BSE benchmark Sensex surged 350.81 points or 0.47 per cent to settle at its lifetime high of 74,227.63..

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