The bourses today kick-started trade on a strong note, and traded range-bound in green on expectations of key policy reform announcements by the government. However the indices slipped in the red as investors were not impressed with the measures announced by the Reserve Bank of India to boost the Rupee. The central bank disappointed the markets as it hiked the FII investment cap in government bonds to $20 billion from $15 billion. The ECB limit for new manufacturing and infrastructure projects were raised by $10 billion. The Indian currency pared gains versus the US dollar but was still managed to stay in the green post the RBI announcement. Nifty closed at 5115 with a loss of 31 points while Sensex ended at 16882 losing 90 points. Sectorally, except, Consumer Durables, all the sectoral indices pared their early gains and closed in the negative. Banking and Power were the biggest losers with close to one percent loss. The market breadth was neutral and one stock was seen advancing against every single decline. Find out more at :http://www.facebook.com/bmawealth?sk=app_206541889369118
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