Market disappointed with RBI’s decision, Sensex-Nifty fell one percent

Market disappointed with RBI’s decision, Sensex-Nifty fell one percent


Mumbai: Sensex and Nifty fell by almost one percent today due to all-round selling by investors disappointed by the Reserve Bank of India’s (RBI) decision to keep the policy rates unchanged for the sixth consecutive time. BSE’s 30-share sensitive index Sensex plunged 723.57 points to 71,428.43 points and National Stock Exchange (NSE) Nifty fell 212.55 points to 21,717.95 points. However, BSE Midcap gained 0.08 percent to 39,895.42 points while Smallcap fell 0.44 percent to 46,279.83 points.

During this period, shares of a total of 3945 companies were traded in BSE, out of which 2204 were sold while 1636 were bought while 105 remained unchanged. Similarly, 34 companies of Nifty declined while 15 had a rise while the prices of one remained stable. According to analysts, RBI, keeping a close eye on the ongoing growth in economic activities and inflation, decided to keep the policy rate unchanged for the sixth consecutive time. Due to this, the market which was expecting a reduction in interest rates was disappointed and there was heavy selling in the market.

Due to this, 12 groups of BSE fell. During this period, Commodities 1.13, CD 0.46, FMCG 2.00, Financial Services 1.46, Industrials 0.27, Auto 0.94, Banking 1.80, Capital Goods 0.67, Consumer Durables 0.45, Metal 0.04, Realty 0.73 and Services group shares fell 0.34 percent. There was a bullish trend at the international level. During this period, Britain’s FTSE rose 0.24 percent, Germany’s DAX 0.13, Japan’s Nikkei 2.06 and China’s Shanghai Composite rose 1.28 percent, while Hong Kong’s Hang Seng fell 1.27 percent.

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