|Chennai||Rs. 27770.00 (-0.14%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
By Abhishek Vishnoi
MUMBAI (Reuters) - The BSE Sensex fell on Monday, led by a decline in Tata Consultancy Services, which was hit by worries over its outlook ahead of a meeting with analysts, while Bharti Airtel fell after a unit priced its upcoming IPO at the lower end of an indicative price range.
Caution also set in a day before the Reserve Bank of India's policy review. The central bank is widely expected to hold off on easing interest rates but may signal a more dovish stance.
Interest-rate sensitive stocks such as ICICI Bank
Goldman Sachs, however, said it expects RBI to cut interest rate by 25 basis points on Tuesday after inflation was data was much lower than expected. The contrarian view was not widely shared by other analysts.
"The market are in a wait-and-watch mode ahead of monetary policy and larger picture of U.S fiscal "cliff" related negotiations," said Jagannadham Thunuguntla, head of research at SMC Investments and Advisors Ltd.
The probability of a CRR cut is much higher on Tuesday, added Thunuguntla.
The benchmark BSE index fell 0.38 percent, or 72.83 points, to end at 19,244.42, falling for the sixth session in seven.
The broader NSE index fell 0.37 percent, or 21.70 points, to end at 5,857.90, closing below the psychologically important 5,900 level, for a fifth day.
Tata Consultancy Services
Although Bharti Airtel did not sell any of its shares as part of the planned listing of its telecommunications tower unit, traders expressed disappointment that the pricing had been set at the lower end of earlier suggested band.
Stocks in non-banking financial companies such as L&T Finance Holdings
However, some rate-sensitive stocks rose, with State Bank of India up 1 percent and ICICI Bank up 0.7 percent ahead of the central bank's policy review on Tuesday.
Among other gainers, Fortis Healthcare
India's Jet Airways
India's Mint Newspaper reported on Monday that Etihad may decide as early as this week whether it will invest in Jet Airways or in grounded rival Kingfisher Airlines
Mint also quoted one of the people as saying Jet Airways had the edge in terms of attracting Etihad's investment.
Kingfisher Airlines ended 4.8 percent lower.
(Additional reporting by Manoj Dharra; Editing by Sunil Nair)