<p>Benchmark Sensex tanked over 215 points to close at 35,011.89 today as cautious investors trimmed their portfolios amid the RBI's monetary policy meeting getting underway.</p>.<p>The RBI's Monetary Policy Committee began its three-day meeting today amid speculation that it may hike the key interest rate on June 6 for the first time in about four-and-half years on account of firming inflation.</p>.<p>The 30-share Sensex opened on a strong footing on across-the-board gains amid positive global leads and hit a high of 35,555.59.</p>.<p>However, it soon slipped into the negative zone on massive selling in several heavyweights. It finally ended at 35,011.89, down 215.37 points or 0.61 per cent.</p>.<p>The broader NSE Nifty too ended lower by 67.70 points, or 0.63 per cent, at 10,628.50, after hovering between 10,770.30 and 10,618.35.</p>.<p>Meanwhile, foreign portfolio investors (FPIs) offloaded shares worth a net Rs 202.80 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 337.97 crore on Friday, as per provisional data. </p>
<p>Benchmark Sensex tanked over 215 points to close at 35,011.89 today as cautious investors trimmed their portfolios amid the RBI's monetary policy meeting getting underway.</p>.<p>The RBI's Monetary Policy Committee began its three-day meeting today amid speculation that it may hike the key interest rate on June 6 for the first time in about four-and-half years on account of firming inflation.</p>.<p>The 30-share Sensex opened on a strong footing on across-the-board gains amid positive global leads and hit a high of 35,555.59.</p>.<p>However, it soon slipped into the negative zone on massive selling in several heavyweights. It finally ended at 35,011.89, down 215.37 points or 0.61 per cent.</p>.<p>The broader NSE Nifty too ended lower by 67.70 points, or 0.63 per cent, at 10,628.50, after hovering between 10,770.30 and 10,618.35.</p>.<p>Meanwhile, foreign portfolio investors (FPIs) offloaded shares worth a net Rs 202.80 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 337.97 crore on Friday, as per provisional data. </p>