Equity benchmarks started off the week on a flat note as investors digested the news of appointment of new RBI governor Urjit Patel.
The 30-share BSE Sensex was down 12.55 points at 28064.45 and the 50-share NSE Nifty fell 4.50 points to 8662.40.
Adani Ports topped the buying list, up 2 percent followed by ITC, HDFC, HDFC Bank, HUL and Reliance Industries whereas TCS, Lupin and Tata Steel fell over a percent.
The government on Saturday evening appointed Urjit Patel as new RBI governor. Raghuram Rajan’s term as a governor will end on September 4.
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