Overview
- The Sensex fell 116 points to 85,408.70 and the Nifty slipped 35 points to 26,142.10, marking a second straight decline.
- Market breadth was weak on the BSE with 2,346 decliners versus 1,841 gainers as volumes stayed light in the holiday-shortened week.
- Oil & gas, IT and pharma shares underperformed, while media, realty and metal stocks gained.
- The RBI announced OMO purchases of Rs 2 lakh crore and a $10 billion buy/sell dollar-rupee swap to inject liquidity between Dec 29 and Jan 22.
- Equity and commodity exchanges were shut on Dec 25 for Christmas and will resume trading on Friday.