Benchmark indices decline for third day ahead of RBI monetary policy

On Thursday, overseas investors sold shares worth Rs 5,009 crore, while domestic institutions invested Rs 1,775 crore

The benchmark indices declined for the third day in a row as investors turned cautious because of the hawkish tone in the minutes of the US Federal Reserve’s recent meeting and apprehensions about the Reserve Bank of India (RBI) monetary policy committee’s (MPC’s) decision on Friday.
 

The benchmark Sensex ended the session at 59,035, a decline of 0.9 per cent, or 575 points. The Nifty ended the session at 17,639, a decline of 168 points or 0.9 per cent. After hitting a two-and-a-half-month high of 60,612 on Monday, the Sensex has declined 1,577 points, or 2.6 per cent, in the