The 50-share Nifty opened marginally higher at 8,228.75 and hovered in a range of 8,234.70 and 8,186.05 before settling at 8,201.05, a loss of 19.75 points, or 0.24 per cent.
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Market remained a picture of cautiousness on Monday (06 May) after the Sensex slipped 66 points to close at 26,777 as investors were on edge ahead of RBI’s policy meet on Tuesday and a string of upcoming events this month carrying an element of uncertainty.
The Reserve Bank of India is widely expected to keep its benchmark repo interest rate unchanged at a five-year low of 6.50 per cent, a Reuters poll showed last week.
The NSE Nifty also perked up by 13.65 points or 0.17 per cent to 8,234.45.
On the sectoral front, healthcare tumbled as much as (1.20 per cent) followed by energy (0.59 per cent), IT (0.58 per cent), infra (0.43 per cent), FMCG (0.12 per cent) and banking (0.05 per cent).
Out of the 30-share Sensex, 21 scrips ended lower.
Sector-wise, the S&P BSE realty index surged by 0.80 percent and basic materials index moved up by 0.55 percent.
Bank of Baroda, Tata Motors, Yes Bank, UltraTech and Mahindra & Mahindra rose by 1-2 percent.
A report by SMC Global said “Asian markets traded mixed today, with Japan shares taking a tumble, as a disappointing May jobs report in the U.S. on Friday weakened the dollar and bolstered regional currencies, including the yen”. The mid-cap index was lower by 0.09 percent, while small-cap stocks were up by 0.22 percent.
Among other Asian markets, Hong Kong’s Hang Seng was up 0.11 per cent, while Shanghai Composite Index rose 2.31 points in cautious opening trade.
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European stocks were trading mixed, with FTSE rising 0.72 per cent and Paris’ CAC dropping 0.10 per cent in early trade.
