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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
Germany's biggest bank slashes more than 7,000 jobs  
Sensex builds on gains, up 187 pts in early trade  
Fuel prices rise for 12th consecutive day  
IRCTC ties up with ixigo for hotel bookings  
Bringing petrol, diesel under GST will lower prices: Fadnavis  
Russian Govt run atomic energy corporation 'ROSATOM'  
Sensex recoups 153 pts on global cues  
Rupee turbulence sharpens, plunges 38 paise to 68.42 a dollar  
Oil stocks under pressure; slip up to 8%  
Fuel price can be controlled by reducing VAT: Petrol dealers  
Fuel price hike: Centre to intervene, to hold talks with oil companies  
Sensex opens in green on value-buying, up 83 points  
Price of petrol touches Rs. 81 per litre in Thiruvananthapuram  
Sensex down 97 points, Nifty below 10,600  
Sensex up 126 points on Asian cues  
Date market sees decline in demand due to GST this Ramzan  
Fuel prices go up again  
India on path of development of tax collection, domestic capabilities  
Less oil production in OPEC affects fuel price: Pradhan  
Petrol, diesel touch all-time highs as oil companies hike rates  
PriceMap offers India's first product and price discovery platform for offline retail  
Birla Corporation, EBIDTA  
Despite challenging times, global business growth is on the rise, finds Epicor  
Despite challenging times, global business growth is on the rise: Epicor  
Sensex sinks 300 pts to close below 35k-mark  
 
Will GST help decrease the petrol price?
yes
 
no
 
don't know
 
 
 
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