Stock markets slide ahead of RBI policy decision, selling rush in RIL, HDFC Bank

MUMBAI: (Aug 5) Equity market benchmark indices Sensex and Nifty ended lower on Tuesday amid selling in oil & gas and banking shares ahead of the Reserve Bank’s monetary policy announcement.

The 30-share BSE Sensex fell by 308.47 points or 0.38 per cent to close at 80,710.25. During the day, it declined 464.32 points or 0.57 per cent to hit an intraday low of 80,554.40.

The broader NSE Nifty fell 73.20 points or 0.30 per cent to close at 24,649.55. During the session, it slipped by 132.45 points or 0.53 per cent to 24,590.30.