Hero Motocorp, Tata Steel, Hindalco, Bharti Airtel and Vedanta are top gainers in the Sensex. Among the losers are ONGC, Tata Motors, Wipro, Infosys and Sun Pharma.
The market is struggling under pressure ahead of RBI monetary policy review. The Sensex is down 83.02 points or 0.3 percent at 28104.04 and the Nifty is down 24.10 points or 0.3 percent at 8518.95. About 1162 shares have advanced, 789 shares declined, and 103 shares are unchanged. Hero Motocorp, Tata Steel, Hindalco, Bharti Airtel and Vedanta are top gainers in the Sensex. Among the losers are ONGC, Tata Motors, Wipro, Infosys and Sun Pharma. Gold dropped for a third session in four, closing in on a 5-5.5-year low, with selling pressure supported by expectations that the Federal Reserve is set to raise interest rates this year. Investors looked past data on Monday that showed US manufacturing activity falling short of estimates, instead awaiting the crucial nonfarm payrolls number due on Friday. Amid an improving labour market, economists still expect the Fed to raise interest rates this year, perhaps as early as its next policy meeting in September. That could mean further price losses for non-interest bearing gold.
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