Sensex Slips Into Negative Terrain as RBI Holds Key Rates

Subscribe to GoodReturns
For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    Mumbai, Apr 7 (PTI) The benchmark BSE Sensex pared its early gains to fell by 139 points as interest rate-sensitive stocks slipped after the Reserve Bank kept key repo rates unchanged in its first bi-monthly monetary policy.

    The 30-share index, which gained 105.71 points in early trade, fell by 139.46 points, or 0.48 per cent, to 28,365 at 1130 hrs.

    Sensex Slips Into Negative Terrain as RBI Holds Key Rates
    Indices

    The barometer had gained 546.97 points in the previous two straight sessions. The wide-based National Stock Exchange index Nifty was trading fell by 46.50 points, or 0.53 per cent, to trade at 8,613.40 points.

    Brokers said the RBI's decision to keep interest rates unchanged was largely in line with investor expectations.

    The BSE banking index fell 0.63 per cent to 21,223.84 with SBI falling by 0.76 per cent, HDFC Bank by 0.11 per cent, Axis Bank by 1.10 per cent and ICICI Bank by 0.81 per cent.

    Also, the BSE Realty index was trading 2.17 per cent down at 1,761.09, as shares of DLF Ltd dropped by 2.18 per cent, Unitech by 2.85 per cent, Sobha by 2.93 per cent and HDIL by 1.59 per cent.

    In its first bi-monthly policy review for 2015-16, RBI kept the short-term lending rate or repo rate unchanged at 7.50 per cent, and the cash reserve ratio (CRR), which is the amount of deposits parked with RBI, at 4 per cent.

    The statutory liquidity ratio (SLR) has also been retained at 21.5 per cent. The RBI also projected growth rate in 2015-16 at 7.8 per cent, up from 7.5 per cent in 2014-15.

    PTI

    Read more about: sensex nifty rbi
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more