Sensex, Nifty Close Flat Amid Cautious Trading Ahead of RBI Policy

Mumbai, September 29 (TNA) India’s share market closed marginally lower on Monday, as cautious sentiment ahead of the RBI’s key Monetary Policy Committee meeting weighed on indices. The BSE Sensex declined 61.52 points, settling at 80,364.94, while the NSE Nifty lost 19.80 points to close at 24,634.90, marking the seventh straight session of losses for benchmark indices.

Market action was marked by volatility, with early gains eroded by profit-booking and sectoral drag from media, auto, pharma, and IT shares. Nifty Media fell 0.85%, while Nifty Auto and Pharma lost 0.18% and 0.15%, respectively. PSU banks, realty, and oil & gas outperformed, gaining over 1% each. In the broader market, Nifty Midcap ended 0.27% higher, whereas Nifty Smallcap slipped 0.07%.

Top gainers on Sensex included Titan, SBI, Trent, and NTPC, while Axis Bank, Maruti Suzuki, Bharti Airtel, and ICICI Bank led the losses. Moody’s retained India’s sovereign credit rating at ‘Baa3’ with a stable outlook, supporting market sentiment despite FII selling pressure. Investors now await Wednesday’s RBI policy verdict for further direction.