Sensex drops 132 pts after RBI policy outcome, banking stocks drag

Equity benchmark Sensex declined 132 points on Friday, led by profit-booking in banking stocks after the Reserve Bank of India's monetary policy announcements.

Mumbai: Equity benchmark Sensex declined 132 points on Friday, led by profit-booking in banking stocks after the Reserve Bank of India's monetary policy announcements. The 30-share BSE index ended 132.38 points or 0.25 per cent lower at 52,100.05, while the broader NSE Nifty slipped 20.10 points or 0.13 per cent to 15,670.25. Nestle India was the top laggard in the Sensex pack, shedding around 2 per cent, followed by SBI, HDFC Bank, Axis Bank, ICICI Bank, Reliance Industries, HUL and Dr Reddy's.