Mr. Abhijeet Dey, Senior Fund Manager-Equities, BNP Paribas Mutual Fund
Stock markets in India drifted lower in early trade as profit booking emerged on the bourses after six straight days of gains. Stocks were trading in a small range with a negative bias for most of the day. Investors remained cautious ahead of the outcome of the Reserve Bank of India's (RBI) monetary policy meeting. The Monetary Policy Committee (MPC) will conclude its two-day meet tomorrow, 5 December 2018. The resolution of the MPC will be announced on 5 December 2018. Global stocks were trading mixed following Monday's jumps across the region, signaling fading investor applause for the US-China trade truce. Sectoral performance on the National Stock Exchange (NSE) was mixed.