markets ended near day’s low Tuesday as sentiments turned bearish after the Reserve Bank of India’s credit policy review. All the sectors ended in the red with realty, metals and banks in the lead. ( Watch )
National Stock Exchange’s Nifty closed at 4841.40, down 129.50 points or 2.61 per cent. The broader index touched a low of 4829.50 and high of 4970.55.
Bombay Stock Exchange’s Sensex ended at 16330.60, down 409.90 points or 2.45 per cent. The index hit a low of 16311.50 and high of 16699.09.
BSE Midcap Index was down 3.71 per cent and BSE Smallcap Index slipped 4.33 per cent.
At its monetary policy review, the Reserve Bank of India left all key rates unchanged. The central bank hiked SLR to 25% from 24%. The reverse repo rate was left unchanged at 3.25% and CRR at 5%. The inflation target has been hiked to 6.5% from 5% while the FY10 GDP target remains unchanged at 6% with upward bias.
The Reserve Bank of India increased provisioning for commercial real estate loans to 1 percent from 0.4 percent for standard assets. This had a negative impact on realty shares.
BSE Realty Index plunged 6.11 per cent, BSE Metal Index fell 5.76 per cent and BSE Bankex Index fell 3.97 per cent.
Reliance Capital (-8.06%), Hindalco Industries (-7.87%), Unitech (-7.71%), Reliance Communications (-6.91%) and Bharti Airtel (-6.84%) suffered massive losses.
Biggest Nifty gainers were Wipro (2.24%), Tata Motors (1.41%). Sun Pharmaceuticals (1.19%), BPCL (0.81%) and Cipla (0.47%).
Market breadth was extremely negative with 2274 declines outnumbering 453 advances on BSE.
~ET
At Sampark Online Finserv LLP, we provide financial advice and distribute various investment products with the most efficient & widest range, customized specifically to your NEEDS..@ Whether you are keen on small investments or playing it big, We provide financial advice and distribute various investment/financial products with the most efficient & widest range, customized specifically to your NEEDs.
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Dec 03, 2009 सोने का नया रिकॉर्ड सोना जबरदस्त रफ्तार से दौड़ रहा है। हर रोज नए रिकॉर्ड बन रहे हैं। पिछले 15 दिनों में ही हाजिर बाजार में इ...
-
Those Who Joyfully Leave EVERYTHING IN GOD'S HAND Will Eventually See GOD'S HAND IN EVERYTHING WORRY ENDS, WHERE FAITH BEGI...
-
दोस्तों आपने कछुए और खरगोश की कहानी ज़रूर सुनी होगी, just to remind you; short में यहाँ बता देता हूँ: एक बार खरगोश को अपनी तेज चाल पर घमंड ह...
-
Hope this post helps one and all in understand how important it is to save consistently and regularly. One has no idea of the Power of C...
-
SENSEX-18845 Support-18750/18600/18480 Resistance-18990/19090/19150 NIFTY-5647 Support-5608/5570/5524 Resistance-5693/5720/5757
-
SAMPARK 75(193), G. T. ROAD RAMBANDHU TAKAW OPP-CHOWALAL SCHOOL ASANSOL-713303, (W.B),INDIA JALAN BHAWAN 52 N.S.ROAD...
-
Systematic investment plans (SIPs) are here to stay. Going by the growing number of SIPs, it does look like investors have taken to them...
-
#Yoga and #SIP 1. #Consistency and #Discipline: - Just as yoga requires regular practice, commit to contributing to your SIP co...
-
The market has taken a pause after the steep fall in the early part of the series and has been consolidating in the range of 5380-5500 for t...
-
Here is a list of some useful sites on the Internet : .::. STOCK NSE (National Stock Exchange of India) BSE (Bombay Stock ...
No comments:
Post a Comment