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
-
8 MILLIONS CHILDREN ARE NOT IN SCHOOL : THE POWER OF YOUR WORDS CAN HELP CHANGE THEIR LIVES .. JOIN THE MOVEMENT NOW
-
SAMPARK 75(193), G. T. ROAD RAMBANDHU TAKAW OPP-CHOWALAL SCHOOL ASANSOL-713303, (W.B),INDIA JALAN BHAWAN 52 N.S.ROAD...
-
Life is the most difficult exam Many people fail bcoz they try to copy others Not realising THAT every1 has a different question paper..@ ...
-
Every sunset gives us one day less to live! But every sunrise give us one more day of hope.. So always hope for the best..@ GD...
-
Greatness is Not found in Possessions Power, Position or Prestige It is found in Humility Service & Character Always be Grea...
-
It is impossible to predict the future price of stocks, Due to tentative nature of share prices, Stock prices are fluctuate by investor v...
-
The boom years of the early 21st century were good for many people, but perhaps no one enjoyed them more than Sheikh Mohammed bin Rashid al ...
-
HSIL LTD CMP: 102 TGT: 130 PROFIT: 30% TIME : 1 YEAR
No comments:
Post a Comment