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The market remained under pressure on profit booking after rising in four consecutive sessions. The Reserve Bank of India kept key policy rates unchanged (repo rate at 7.25 percent and cash reserve ratio at 4 percent) but lowered CPI inflation forecast for January-March 2016 by 0.2 percent, saying inflation conditions have evolved around the projected path.
The 30-share BSE Sensex declined 113.95 points to 28073.11 and the Nifty slipped 29.75 points to 8513.30. However, the broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising half a percent each. About 1409 shares have advanced against 1112 shares declined on the Bombay Stock Exchange.
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Posted in: Indian Market Tips
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