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October 24, Tuesday 2017 4:17 AM       

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       BUSINESS Next Article: Travel, trade to resume on Srinagar-Muzzaffarabad route  
       Markets suffer from more losses as bank, metal lead selling
 
         Posted on :16:41:11 Aug 3, 2017
   
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       Last edited on:16:41:11 Aug 3, 2017
         Tags: Markets suffer from more losses as bank, meta
 
Mumbai: Stock markets moved down for the second session today as the Sensex ended with a loss of 239 points as banking, realty and metal stocks struggled owing to concerns over the direction of the monetary policy.
 
The Reserve Bank yesterday cut the repo rate by 25 basis points to 6 per cent, but pinned future action on more economic data.
 
Interest-rate sensitive stocks - banking, realty and auto - continued their slide as the RBI policy action failed to impress investors.
 
The 30-share index ended down 238.86 points, or 0.74 per cent, at 32,237.88 after hitting a low of 32,194.58. The gauge had lost 98.43 points yesterday.
 
The Nifty slumped by 67.85 points, or 0.67 per cent, but managed to close above the 10,000-mark at 10,013.65 after touching a low of 9,998.25.
 
The rupee, which strengthened further against the dollar to trade at a fresh two-year high of 63.56 (intra-day) in the forex market, failed to boost sentiment.
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       BUSINESS
Next Article: Travel, trade to resume on Srinagar-Muzzaffarabad route
 
 
BUSINESS HEADLINES
Here are seven hacks before buying foreign currency in India  
GST, demonetisation may impact Indian wedding market: ASSOCHAM  
Sensex bounces 224 pts in early trade on positive Asian cues  
Some rejig in GST rate structure required: Adhia  
Essar completes construction of Ro-Ro terminals in Gujarat  
Now, Air India looks for Rs 1,500 crore short term loans  
Govt incentivises online purchase, payment of Gold Bonds  
Modi praises IFFCO's efforts in farmers upliftment  
UAE Exchange India won Indcom Award 2017 for Best Digital Media Campaign  
Bajaj Finserv slashes personal loan interest rate to 11.99%  
AI looks for Rs. 1,500 crore short term loans  
Paytm reports Mega-Dhanteras sale  
Reliance Jio hikes 84-day plan to Rs. 459  
US dollar ends higher against rupee  
Gold worth inr 120cr transacted within 6 months: Paytm  
Commodities worth over Rs 120 cr procured at MSP in R'sthan  
Nifty hits fresh high; Sensex slips from record  
Sensex, Nifty retreats from record on profit booking  
Reliance Retail to be biggest threat to Amazon, Flipkart: Pai  
India undergoing 'exciting digital transformation: IMF  
Sensex hits new peak of 32,687.32; Nifty at 10,242.45 pts  
Digital India to contribute 30pct to India's GDP by 2025  
Bring real estate under GST: Sisodia writes to Jaitley  
IMF favors three structural reforms in India  
India must go for pollution-free methanol as fuel: Gadkari  
 
Should Kummanam apologise to Kerala as remarked by the CM?
yes
 
no
 
no opinion
 
 
 
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