Mumbai, October 27: The BSE benchmark Sensex continued to lose ground for the second straight day, declining by another 154 points in morning trade, as the market adopted a cautious approach ahead of the RBI’s quarterly policy review and on weak Asian cues.
The 30-share Sensex, which had lost 70.31 points in yesterday’s volatile trade, moved further down by 154.20 points to 16,586.30 in opening trade.
Brokers said players adopted a cautious approach ahead of the second quarter review of the Reserve Bank of India’s monetary policy to be released later today.
They also said that continued profit-taking by funds and general investors as well as overnight losses in the US markets that triggered a opening for the other Asian markets further dampened the trading sentiments here.
Stocks of metals, banking and realty sectors, which had recorded handsome gains in the recent run-up, succumbed to profit-booking.
–PTI