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...
-
A TO Z OF INCOME TAX PROVISIONS AT A GLANCE: 1. Detailed information of Income Tax is available on www.incometaxindia.gov.in 2. As per...
-
8 MILLIONS CHILDREN ARE NOT IN SCHOOL : THE POWER OF YOUR WORDS CAN HELP CHANGE THEIR LIVES .. JOIN THE MOVEMENT NOW
-
Gold has always fascinated us Indians but do you know how prices of gold have varied in India. I happen to visit RBI website which pub...
-
Insurers, it seem, believe that getting a family insured together is the best way to address the healthcareconcerns of people. Also, it...
-
What is a Systematic Investment Plan (SIP)? SIP is a method of investing a fixed sum, regularly, in a mutual fund. It is very similar ...
-
Reasons to avoid multiple bank accounts: Try and stick to two, one for general purpose and another for your savings & invest...
-
Most of you must be recovering from the excesses of festivities. It is, therefore, hardly time to discuss tax planning. However, the troub...
-
SAMPARK 75(193), G. T. ROAD RAMBANDHU TAKAW OPP-CHOWALAL SCHOOL ASANSOL-713303, (W.B),INDIA JALAN BHAWAN 52 N.S.ROAD...
No comments:
Post a Comment