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MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

The Nifty Metal index settled 3.7 per cent lower weighed by Jindal Steel and Power Hindalco and Tata Steel. Nifty Auto index, too, slipped 2.3 per cent due to a fall in Bharat Forge and Tata Motors

SI Reporter  |  New Delhi 

The benchmark indices settled over 0.5 per cent lower on Wednesday even as the Reserve Bank of India (RBI) kept the repo rate and reverse repo rate unchanged at 6.50 per cent and 6.25 per cent respectively, in its bi-monthly monetary policy. The S&P BSE Sensex ended at 35,884, down 250 points or 0.7 per cent, while the broader Nifty50 index settled at 10,783, down 87 points or 0.8 per cent. Among sectors, the Nifty Metal index settled 3.7 per cent lower weighed by Jindal Steel and Power Hindalco and Tata Steel. Nifty Auto index, too, slipped ...

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MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

Sectoral trend on NSE

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

S&P BSE Sensex top gainers and losers

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

Market at close   The S&P BSE Sensex fell 250 points or 0.69 per cent to settle at 35,884 while NSE's Nifty50 index dropped 87 points to close at 10,783.

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

Financials trade weak post RBI policy; DHFL, Reliance Capital down over 5% Shares of financial stocks led by non-banking finance companies (NBFC), housing finance companies (HFCs) and micro-finance institutions (MFIs) have fallen by up to 7% after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 6.50%. The committee maintained the calibrated tightening stance.   Reliance Capital, Dewan Housing Finance Corporation (DHFL), IDFC, Equitas Holdings, Can Fin Home Finance, Mahindra & Mahindra (M&M) Financial Services and Ujjivan Financial Services were down in the range of 5% to 7% on the BSE. In comparison, the S&P BSE Sensex was down 0.94% or 341 points at 35,793 at 02:53 pm. READ MORE

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

RBI Deputy Governor NS Vishwanathan: Benchmarking retail loans with external benchmark will bring more transparency

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

RBI Deputy Governor NS Vishwanathan: Retail and MSME loans will be linked to internal benchmark rate

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

RBI Deputy Governor Viral Acharya: Measures undertaken by RBI have eased stress in NBFC sector

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

RBI Deputy Governor Viral Acharya says have relaxed concentration limits on banks from 15% to 10%

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

RBI Guv: Fiscal slippage at state and central level will impact inflation outlook

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

RBI Guv: Need more data to assess full impact of MSP hike on CPI

MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

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First Published: Wed, December 05 2018. 08:14 IST
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MARKET WRAP: Sensex ends 250 pts lower as RBI maintains status quo on rates

The Nifty Metal index settled 3.7 per cent lower weighed by Jindal Steel and Power Hindalco and Tata Steel. Nifty Auto index, too, slipped 2.3 per cent due to a fall in Bharat Forge and Tata Motors

The benchmark indices settled over 0.5 per cent lower on Wednesday even as the Reserve Bank of India (RBI) kept the repo rate and reverse repo rate unchanged at 6.50 per cent and 6.25 per cent respectively, in its bi-monthly monetary policy. The S&P BSE Sensex ended at 35,884, down 250 points or 0.7 per cent, while the broader Nifty50 index settled at 10,783, down 87 points or 0.8 per cent. Among sectors, the Nifty Metal index settled 3.7 per cent lower weighed by Jindal Steel and Power Hindalco and Tata Steel. Nifty Auto index, too, slipped ...

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