Thursday 15 March 2012

The National Stock Exchange's Nifty snapped its winning streak

The National Stock Exchange's Nifty snapped its winning streak and closed below psychological support level after the Reserve Bank of India left interest rates unchanged. All the major sectoral indices, barring IT space, ended in the red with rate sensitives like realty, banks and capital goods leading the decline.  The RBI has kept repo rate unchanged at 8.5 per cent. It is expected to closely monitor inflation before announcing any rate cut.  The Nifty ended at 5382.85, down 81.05 points or 1.48 per cent. The broader index touched a high of 5462.50 and low of 5362.30 in trade today.  The Bombay Stock Exchange's Sensex closed at 17682.14, down 237.16 points or 1.32 per cent. It touched intraday high of 17918.25 and low of 17622.13.  BSE Midcap Index down 1.36 per cent and BSE Smallcap Index moved 0.99 per cent lower.  Amongst the sectoral indices, BSE Realty Index fell 2.68 per cent, BSE Bankex moved 2.66 per cent lower, BSE Capital Goods Index declined 1.99 per cent and BSE Oil&gas Index was 1.95 per cent lower.

 News Bureau,

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