Bourses fall for 7th day to end marginally lower in a volatile session ahead of RBI rate decision

MUMBAI: Benchmark stock indices Sensex and Nifty closed marginally lower in a volatile session on Monday, extending their downtrend to the seventh day mainly due to selling in banking shares and persistent foreign fund outflows ahead of the RBI’s interest rate decision later this week.

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After gyrating between gains and losses in a restricted trade, the 30-share BSE Sensex declined 61.52 points or 0.08 per cent to settle at 80,364.94. During the day, it hit a high of 80,851.38 and a low of 80,248.84.

Falling for the seventh consecutive session, the 50-share NSE Nifty slipped 19.80 points or 0.08 per cent to 24,634.90. Nifty has dropped more than 3 per cent in the seven straight sessions due to selling by foreign investors.