The market slipped into negative note after the RBI maintained a status-quo stance in its bi-monthly policy review.
The market slipped into negative note after the RBI maintained a status-quo stance in its bi-monthly policy review.
The Central Bank today left the repo; reverse repo and CRR untouched, while also maintained its retail inflation target for FY16 below 6 percent levels.
Weakness has crept in rate sensitive’s stocks, with auto, banking and realty stocks taking a hit. The CNX Realty index has tanked 2.5 percent to 228.35.
The Bank Nifty has shed 0.6 percent to 18,493. The Auto and Pharma indices too have slipped 0.5 percent each to 8,752 and 13,739, respectively. The Energy index, however, is up 0.4 percent at 8,407.
The BSE benchmark index, the Sensex, has slipped over 100 points to 28,383. The Nifty has declined 40 points to 8,619.
The broader market, the CNX Midcap and the Smallcap indices, have also slipped a wee bit into red to 13,266 and 5,825, respectively.
IDFC is the biggest percentage loser in the Nifty-50, down 1.5 percent at Rs. 173.
Ambuja Cements, Sun Pharma, Tata Motors and BPCL have slipped over a percent each to Rs. 258, Rs. 1,156, Rs. 562 and Rs. 794, respectively.
Axis Bank, BHEL, Idea, Hero MotoCorp, Zee Entertainment and Power Grid Corporation are the other prominent losers.
On the other hand, HCL Technologies continues to remain the out-performer - up 2 percent at Rs. 952.
Bajaj Auto too has rallied nearly 2 percent to Rs. 2,074. Tech Mahindra, Gail India, Reliance Industries and NTPC are the other major gainers.
No comments:
Post a Comment