Markets slip on RBI decision as Sensex loses above 200 points

Published On: 06, Dec 2017 | Source: Timesofindia

NEW DELHI: The equity markets which have been bearish since the last week, slipped further as Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6 per cent at the end of its two-day long policy review meet.

30-share BSE Sensex lost 205.26 points to close on 32,597.18 while the broader 50-share NSE Nifty finished on 10,044.10, down by 74.15 points. Both the indices lost above 0.60 per cent during the day.

The subdued investor sentiments got another blow as the central bank decided against any rate cut. Though the RBI played out on expected lines, the Street clearly had more correction in store as the Sensex plummeted above 100 points in the last half an hour of trading.

On Wednesday, none of the sectoral sub-indices other than IT, could finish with gains as the PSU Bank sub-index slipped more than 2 per cent. Some blue chip stocks like Reliance, Hindustan Unilever, Maruti and Infosys managed to bring some parity in the market while SBI, Bosch, Hindalco and Infratel lost the most.

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