00:19
Unknown
The market fell more than 1 percent in noon trade, dragged by banks after the Reserve Bank of India cut repo rate and statutory liquidity ratio.
The Sensex tanked 363.81 points or 1.43 percent to 25035.84 and the Nifty plunged 106.45 points or 1.37 percent at 7652.35. More than two shares declined for every share advancing on Bombay Stock Exchange.
Banks extended losses after RBI policy announcement. Bank Nifty plunged 2 percent as ICICI Bank, Bank of Baroda, SBI, Punjab National Bank, Canara Bank, Bank of India and Yes Bank fell 2-4 percent.
Infosys, ITC, L&T, HDFC Bank, Tata Motors, Sun Pharma, Adani Ports, Coal India and Tata Steel were down 1-4 percent while Lupin and Hero Motocorp bucked the trend.
For more information ✆ – 0731-6642300 or Visit http://ift.tt/1k8NnLH
Posted in: Indian Market Tips
0 comments:
Post a Comment