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2h ago

Sensex, Nifty Slip for Seventh Day as Caution Builds Before RBI Policy

Foreign outflows and sector rotation left the market largely flat, with energy and PSU shares firmer and FMCG under pressure.

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Overview

  • The Sensex closed at 80,364.94 and the Nifty at 24,634.90, each down 0.08% after a volatile, range-bound session.
  • The losing streak reached seven sessions, with the Nifty down just over 3% across the slide on persistent selling by foreign investors.
  • Exchange data showed FIIs sold Rs 5,687.58 crore on Friday while DIIs bought Rs 5,843.21 crore, underscoring opposing flows.
  • Energy, oil and gas, realty and PSU banks outperformed as FMCG lagged, with Hindustan Unilever sliding and weighing on staples.
  • Analysts flagged immediate Nifty support near 24,530–24,400 and resistance around 24,800, with the RBI widely expected to keep rates unchanged this week.