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Markets retreat from four-month highs ahead of RBI policy

The market breadth indicating the overall health of the market turned negative

Markets
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Markets

SI Reporter New Delhi
The benchmark indices retreated on Tuesday from four-month highs hit in the previous session as investors stayed on the sidelines ahead of the Reserve Bank of India's policy decision due tomorrow. Weakness in other Asian markets also spoiled sentiment.

The S&P BSE Sensex settled the day at 28,335, down 104 points, while the broader Nifty50 was ended at 8,768, down 33 points. 

In the broader market, the BSE Mid-Cap and the BSE Small-Cap indices outperformed the frontline indices. Midcap closed 0.2% lower, while Smallcap ended little changed.

The market breadth indicating the overall health of the market turned negative. On