Markets

News Details

( 06/12/2017 13:13)
Sensex, Nifty hover in red ahead of RBI outcome

Indian benchmarks continued to hover in red during the noon trading session as investors stayed on the sidelines ahead of the Reserve Bank of India's monetary policy outcome due later in the day during market hours.

The central bank looks set to keep its policy rate on hold on Wednesday, after inflation accelerated to a seven-month high and stronger economic growth reduced the need for monetary stimulus. All but two of 54 analysts in a Reuters Poll said the repo rate would be left at 6% the lowest since November 2010.

At 13:15 hours, the 30-share benchmark index was trading at 32677.46 down by 124.98 points or by 0.38 per cent, while the NSE Nifty was at 10065.95 down by 52.3 points or by 0.52 per cent.

Sensex touched intraday high of 32804.75 and intraday low of 32621.1 The NSE Nifty touched intraday high of 10104.2 and intraday low of 10051.6

The top gainers of the BSE Sensex pack were Reliance Industries Ltd. (Rs. 923.10,+1.27%), Hindustan Unilever Ltd. (Rs. 1271.50,+0.86%), Infosys Ltd. (Rs. 990.00,+0.57%), Cipla Ltd. (Rs. 598.25,+0.30%), Lupin Ltd. (Rs. 811.40,+0.22%), among others.

The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 663.35,-1.86%), State Bank of India (Rs. 314.45,-1.52%), Sun Pharmaceutical Industries Ltd. (Rs. 516.75,-1.32%), Tata Motors Ltd. (Rs. 397.55,-1.19%), Tata Motors Ltd. (Rs. 226.70,-1.18%), among others.

Among the sectors, IT index was at 10714.5 up by 17.33 points or by 0.16%. KPIT Technologies Ltd. (Rs. 161.30,+4.13%), Aurionpro Solutions Ltd. (Rs. 177.10,+3.69%), Sonata Software Ltd. (Rs. 224.25,+2.58%), Ramco Systems Ltd. (Rs. 479.40,+2.10%), NIIT Ltd. (Rs. 96.00,+2.07%),.

On the flip side, Metal index was at 13313.51 down by -297.64 points or by -2.19%. Jindal Steel & Power Ltd. (Rs. 159.70,-3.27%), Hindustan Zinc Ltd. (Rs. 285.60,-3.25%), Vedanta Ltd. (Rs. 279.10,-3.17%), Hindalco Industries Ltd. (Rs. 232.50,-3.04%), Steel Authority of India (SAIL) Ltd. (Rs. 76.20,-2.62%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2717 , shares advanced were 1176 while 1394 shares declined and 147 were unchanged.

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