Amid mixed Asian markets and Reserve Bank of India (RBI) decision to keep key lending rates unchanged at 6.25 per cent, domestic benchmark indices started last trading session of the week on a lower note.
In its bi-monthly monetary policy review on Thursday, the RBI kept key repo rate or lending rate unchanged at 6.25 per cent but hiked reverse repo rate by 25 basis points (bps) to 6 per cent.
The Reserve Bank also narrowed policy rate corridor, by increasing marginal standing facility rate and bank rate to 6.50 per cent.
At 9.35 am on Friday, the Sensex was trading 28 points or 0.29 per cent down at 29,840 while the Nifty50 was trading 28 points or 0.30 per cent lower at 9,234.
However, broader markets extended previous gains. BSE Midcap and BSE Smallcap indices surged 0.1 per cent 0.2 per cent respectively.
Among the BSE sectoral indices, Telecom index registered the biggest gain with a jump of 0.9 per cent. Healthcare index slipped 0.5 per cent. All the BSE sectoral indices were trading with small to medium moves.
On Thursday, the BSE Sensex closed 47 points or 0.16 per cent down at 29,927 while the NSE Nifty ended three points lower at 9,262.
Top gainers in the Sensex-30 pack: Bharti Airtel (up 1.7 per cent), Gail (up 1.1 per cent), Maruti Suzuki (up 0.7 per cent), TCS (up 0.7 per cent) and Bajaj Auto (up 0.5 per cent).
Top losers in the Sensex-30 pack: Adani Ports (down 2.4 per cent), Sun Pharma (down 1.9 per cent), Coal India (down 1.3 per cent), Power Grid (down 1.2 per cent) and Tata Motors (down 1.1 per cent).
Asian markets were trading with mixed moves. Japan’s Nikkei 225 Index jumped 0.4 per cent, Singapore’s Straits Times Index slipped 0.7 per cent, Hong Kong’s Hang Seng index lost 0.6 per cent, Korea’s KOSPI index fell 0.1 per cent and China’s Shanghai Composite Index gained 0.3 per cent.
Back home, the Rupee was trading 13 paise higher at 64.39 against the US Dollar.