Markets

News Details

( 06/12/2017 16:15)
Post Session: Sensex ends 200 pts lower as RBI maintains status quo

The Indian equities fell sharply in final hour of day’s trade to close lower on Wednesday after the Reserve Bank of India kept key rates unchanged. The apex bank kept the liquidity adjustment facility (LAF) unchanged at 6.0 per cent but raised the inflation forecast for remainder of the current financial year to 4.3-4.7 per cent. On the sectoral front, all the indices barring IT and Teck stocks, ended in red, while metal and PSU stocks emerged as top losers on BSE, falling as much as 2.03 per cent and 1.32per cent, respectively.

The 30-share benchmark index closed trade at 32597.18, down by 205.26 points or by 0.63 per cent, and the NSE Nifty ended at 10044.1, down by 74.15 points or by 0.73 per cent.

During the day’s trade, the Sensex touched intraday high of 32804.75 and intraday low of 32565.16, while the NSE Nifty touched intraday high of 10104.2 and intraday low of 10033.35.

The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 511.55,-2.31%), State Bank of India (Rs. 312.25,-2.21%), ICICI Bank Ltd. (Rs. 299.40,-1.96%), Housing Development Finance Corporation Ltd. (Rs. 1648.95,-1.78%), Tata Motors Ltd. (Rs. 225.60,-1.66%), among others.

On the flip side, Reliance Industries Ltd. (Rs. 927.50,+1.76%), Maruti Suzuki India Ltd. (Rs. 8600.65,+1.23%), Hindustan Unilever Ltd. (Rs. 1273.85,+1.05%), Infosys Ltd. (Rs. 990.40,+0.61%), Coal India Ltd. (Rs. 265.95,+0.26%), were among top gainers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2973, shares advanced were 1057, while 1717 shares declined, and 199 were unchanged.

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