The markets ended in red after a sharp run up in the past few sessions. It was an important day as RBI announced the credit policy. According to experts, markets will be unaffected by the the new credit policy as the credit policy was largely inline with street expectations. In the new credit policy, repo rate and reverse repo is left unchanged and CRR has been hiked by 50 bps it has maintained the GDP forecast at 8.5%. The rupee has appreciated at 39.38 against the dollar.
CRR hike is largely a liquidity management tool than used for signalling any interest rate changes. The policy has largely managed the status quo, say experts.
RPL, Sterlite Ind, BHEL and Bharti Airtel were trading strong. However, trading weak were PNB, M&M, TCS and Maruti Suzuki.
Sensex was down 194.16 points or 0.97% at 19783.51, and the Nifty down 37.15 points or 0.63% at 5868.75.
About 1217 shares have advanced, 1760 shares declined, and 81 shares are unchanged.
The BSE Midcap Index ended at 8,048.07 down 0.4%.
The BSE Smallcap Index ended at 9,644.44 down 0.6%.
The BSE Bankex was down 1% at 10,550.09. PNB, Kotak Mahindra, SBI, IOB, ICICI Bank, Andhra Bank moved downwards.
The BSE Capital Goods Index was up 1% at 20,006.57. Punj Lloyd, AIA Engineering, Areva T&D, ABB, BHEL closed lower.
The BSE Auto Index closed at 5,479.89 down 3%. Maruti Suzuki, Mah and Mah, Tata Motors, Tube Investment, Punj Tractors closed lower.
The BSE Metal Index closed at 17,302.22 up 1%. Sesa Goa, Jindal Steel, Sterlite Ind, Hindalco, Hind Zinc closed lower.
The BSE FMCG Index closed at 2,146.87 down 1%. Britannia, ITC, P&G, Tata Tea,HUL closed lower
BSE Oil and Gas Index closed at 11,526.30 down 1%. BPCL, Reliance, ONGC ended in red.
The BSE IT Index was down 0.6% at 4,647.53. TCS, Iflex, Satyam, Infy ended in red.
The NSE cash turnover was at Rs 24611.60 crore and the NSE F&O turnover was at Rs 89601.31 crore. The BSE cash turnover was Rs 10948.83 crore. Total market wide turnover was at Rs 125161.74 crore.
Source:moneycontrol.com
CRR hike is largely a liquidity management tool than used for signalling any interest rate changes. The policy has largely managed the status quo, say experts.
RPL, Sterlite Ind, BHEL and Bharti Airtel were trading strong. However, trading weak were PNB, M&M, TCS and Maruti Suzuki.
Sensex was down 194.16 points or 0.97% at 19783.51, and the Nifty down 37.15 points or 0.63% at 5868.75.
About 1217 shares have advanced, 1760 shares declined, and 81 shares are unchanged.
The BSE Midcap Index ended at 8,048.07 down 0.4%.
The BSE Smallcap Index ended at 9,644.44 down 0.6%.
The BSE Bankex was down 1% at 10,550.09. PNB, Kotak Mahindra, SBI, IOB, ICICI Bank, Andhra Bank moved downwards.
The BSE Capital Goods Index was up 1% at 20,006.57. Punj Lloyd, AIA Engineering, Areva T&D, ABB, BHEL closed lower.
The BSE Auto Index closed at 5,479.89 down 3%. Maruti Suzuki, Mah and Mah, Tata Motors, Tube Investment, Punj Tractors closed lower.
The BSE Metal Index closed at 17,302.22 up 1%. Sesa Goa, Jindal Steel, Sterlite Ind, Hindalco, Hind Zinc closed lower.
The BSE FMCG Index closed at 2,146.87 down 1%. Britannia, ITC, P&G, Tata Tea,HUL closed lower
BSE Oil and Gas Index closed at 11,526.30 down 1%. BPCL, Reliance, ONGC ended in red.
The BSE IT Index was down 0.6% at 4,647.53. TCS, Iflex, Satyam, Infy ended in red.
The NSE cash turnover was at Rs 24611.60 crore and the NSE F&O turnover was at Rs 89601.31 crore. The BSE cash turnover was Rs 10948.83 crore. Total market wide turnover was at Rs 125161.74 crore.
Source:moneycontrol.com
