The BSE Sensex fell 229 points, or 0.3%, to 85,484 in early deals on Monday, erasing gains from the previous two sessions, as traders remained cautious ahead of the Fed’s monetary policy decision later this week. Traders also took profit after the index rose in the prior session following the RBI’s decision to cut interest rates and boost liquidity in the banking sector. Investors additionally braced for a week packed with IPO activity. Most sectors traded in the red, including autos, metals, banking, and financial services. The Nifty 50 also fell 0.3%, while mid-cap and small-cap stocks declined 0.5% and 0.8%, respectively. Among the biggest laggards were JSW Steel (-1.9%), Bajaj Finance (-1.8%), Bajaj Finserv (-1.5%), Nestle India (-1.1%), and Adani Ports (-1.0%). Meanwhile, InterGlobe Aviation plunged 5.4% following a regulatory warning over thousands of flight cancellations last week.
