HomeMarket NewsMarket opens negative ahead of RBI board meet; Sensex falls 58 points

Market opens negative ahead of RBI board meet; Sensex falls 58 points

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By CNBC-TV18 December 14, 2018, 9:53:01 AM IST (Published)

Market opens negative ahead of RBI board meet; Sensex falls 58 points
The Indian market opened negative ahead of the Reserve Bank of India (RBI) board meet with the BSE Sensex losing 58 points, trading at 35,870 points and the NSE Nifty falling 32 points, trading at 10,759 points.


On Thursday, union ministers, led by FM Arun Jaitley, attacked Urjit Patel on RBI functioning and termed the central bank's policies as "unreasonable".

Bharti Airtel gained 1.28 percent in early trade after TDSAT struck down TRAI's predatory pricing norms. The stock was among the top Nifty gainers. IOC gained more 2.11 percent after the buyback of 3.06 percent equity shares at Rs.149 per share. UltraTech Cement, Grasim and Infosys were among the other top five Nifty gainers.

Yes Bank lost more than 2.86 percent after the bank board said the candidate for the CEO post will be decided in the January 9 meeting. The stock was the top Nifty loser of the hour. HCL Tech, ONGC, Hero MotoCorp and Indiabulls Housing were among the other top Nifty losers.

On the global front, Asian shares were defensive on Friday as investors kept a wary eye on economic tensions between US and China.