Sensex tanks 215 points amid RBI monetary policy meeting

The BSE Sensex on Monday plunged over 215 points to close at 35,011.89 amid the RBI's monetary policy meeting that is underway.

The RBI's Monetary Policy Committee began its three-day meeting today amid speculation that it may hike the key interest rate on June 6 for the first time in about four-and-half years on account of rising inflation.

The 30-share Sensex showed an uptrend in the opening session amid positive global leads and rose to a high of 35,555.59. It, however, slipped into the negative zone on massive selling in several heavyweights. It finally closed at 35,011.89, down 215.37 points or 0.61 per cent. 

The broader NSE Nifty too ended lower by 67.70 points, or 0.63 per cent, at 10,628.50, after hovering between 10,770.30 and 10,618.35.

Meanwhile, according to per provisional data, foreign portfolio investors (FPIs) offloaded shares worth a net Rs 202.80 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 337.97 crore on Friday.

(With PTI inputs)