Key benchmark indices registered small losses after the Reserve Bank of India (RBI) surprised markets by raising its main lending rate viz. the repo rate by 25 basis points to 8% after Third Quarter Review of Monetary Policy for 2013-14 and said that it is only by bringing down inflation to a low and stable level that monetary policy can contribute to reviving consumption and investment in a sustainable way.
The BSE Sensex, was provisionally down 14.47 points or 0.07% & CNX Nifty shut shop down by 9.6 points at 6126. The market was volatile & alternately swung between positive and negative zone during the day. The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 30 to 19, 1 unchanged. Sectorwise CNX Metal is the outperformer while CNXIT underperformed the broader market.
The BSE Sensex, was provisionally down 14.47 points or 0.07% & CNX Nifty shut shop down by 9.6 points at 6126. The market was volatile & alternately swung between positive and negative zone during the day. The market breadth, indicating the overall health of the market, was positive. In Nifty50 stocks the advances to declines stands at 30 to 19, 1 unchanged. Sectorwise CNX Metal is the outperformer while CNXIT underperformed the broader market.
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