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Sensex, Nifty Modestly Lower In Cautious Trade

(RTTNews) - Indian shares were a tad lower on Monday as investors fretted over the spread of the Omicron variant of Covid-19 and looked ahead to the RBI's bi-monthly monetary policy meeting this week for directional cues.

The benchmark S&P BSE Sensex dropped 180 points, or 0.3 percent, to 57,517 in early trade, while the broader NSE Nifty index was down 76 points, or 0.4 percent, at 17,120.

Tata Motors, Infosys, HCL Technologies, Maruti Suzuki India and IndusInd Bank fell 1-2 percent in the Nifty pack, while commodity-related stocks such as Hindalco and JSW Steel were up over 1 percent.

Hero MotoCorp edged down slightly after expanding its operations in Argentina.

Tata Motors dropped 1.1 percent on the price hike buzz.
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