FX.co ★ Sensex Ends Slightly Down, Still Books Monthly Gain

India's BSE Sensex saw a slight decrease, closing at 80,267.6 on Tuesday, marking its eighth consecutive day of losses. Investors remain cautious as they await the Reserve Bank of India's (RBI) policy announcement expected tomorrow, amidst ongoing foreign capital withdrawals. Analysts are particularly interested in the RBI's statement to assess potential interest rate trends, even though no changes are widely expected. Foreign outflows persisted for the sixth successive day, exerting pressure on the market. The IT sector and consumer durables faced significant selling pressure, while Bharti Airtel, ITC, Trent, Bajaj Finserv, Titan, Tech Mahindra, and Reliance Industries emerged as the major underperformers, each declining by 0.7% to 1.2%. Despite recording a 0.6% rise in September, buoyed by optimism regarding GST reforms, the index experienced a 4% decline for the third quarter because of ongoing uncertainties concerning a US-India trade agreement and continuous foreign outflows.