Sensex Ends Lower As RBI Keeps Interest Rates Steady

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Benchmark indices ended the day marginally lower after the Reserve Bank of India held interest rates steady largely in line with what the markets were anticipating. Check Sensex gainers and losers

Sensex Ends Lower As RBI Keeps Interest Rates Steady
Indices
Sensex28,223.70Sensex Quote-70.58 [0.25%]
Nifty8,703.20Nifty Quote-19.85 [0.23%]
The Sensex ended the day lower by 115 points, while the Nifty closed lower 26 points. Leading the set of gainers from the benchmark indices were select metal stocks like Tata Steel and Hindalco on reports that the government would hike import duty on select steel products.

Banking stocks ended the day mixed following the RBI's Monetary Policy, while PSU Banking stocks ended sharply higher select private sector banking names like IndusInd Bank and HDFC Bank saw selling pressure.

Shares in Force Motors rallied sharply for the second day in a row and ended higher by 10 per cent on hopes that it might bag orderd from BMW India.

SUN TV which saw a sustained rally for 4 days in a row gaining almost 40 per cent, saw profit booking and ended 5 per cent lower after the CFO said that the company was open to selling stake in Sunrisers Hyderabad.

Bajaj Finserv surged and touched a new life high 2,160 rupees. Oil exploration stocks fell after crude oil prices continued their downward slide. Stocks like Cairn India and ONGC were among the losers.

Meanwhile, markets in China saw a solid rally with the Shanghai Composite jumping 3.70 per cent, while most other markets ended lower.

European markets were trading flat today.

GoodReturns.in

Read more about: sensex, nifty, hdfc bank, indusind bank
Story first published: Tuesday, August 4, 2015, 14:14 [IST]
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