Press Esc to close
Sunday 26 October 2014
News updated at 11:51 AM IST
Weather
Max: 22°C
Min : 21°C
In Bangalore
Partially cloudy

Sensex tanks 112 pts

Mumbai, Jan 29, 2013 DHNS

Key benchmark indices edged lower in choppy trade on Tuesday as the stock market had already factored the 25 basis points (bps) reduction by the Reserve Bank of India in its key policy rate review.

Initially the market showed some enthusiasm, but as the details of the policy review trickled in with the RBI Governor D Subbarao saying there was no room monetary easing in future unless and until the country's inflation and the current account deficit improves significantly over and above the RBI's expected level, which dampened investors and they begun booking profits.

Simply put, the market failed to cheer the RBI's decision of reducing key rates by 25 basis points and also releasing Rs 18,000 crore additional liquidity into the financial system.


Investor sentiment in D-Street was also thwarted by the RBI's decision to lower the domestic gross domestic product (GDP) growth to 5.8 per cent from 6.5 per cent growth it had earlier (in July, 2012) projected.

So much so, the barometer index of BSE fell below the psychological 20,000 level. The popular Sensex at BSE shed 112.45 points or 0.56 percent to 19,990.90, its lowest closing level from January 24, 2013. The S&P CNX Nifty at NSE lost 24.90 points to settle at 6,049.90 in the closing.

Go to Top

Photo Gallery
Mrs. Komal Kalra Pagarani who is all set to represent India...

Mrs. Komal Kalra Pagarani who is all set to represent India...

Fire at Balaji Studio Killick Nixon Studios in Mumbai...

Fire at Balaji Studio Killick Nixon Studios in Mumbai...

Sikh religious warriors, display their horse-riding skills at an event organized to celebrate...

Sikh religious warriors, display their horse-riding skills at an event organized to celebrate...

Bollywood actor Shatrughan Sinha with his family during Amitabh Bachchan's Diwali party in Mumbai..

Bollywood actor Shatrughan Sinha with his family during Amitabh Bachchan's Diwali party in Mumbai..

Sachin Tendulkar and his wife Anjali with Abhishek Bachchan during Bachchans' Diwali party...

Sachin Tendulkar and his wife Anjali with Abhishek Bachchan during Bachchans' Diwali party...

Narendra Modi clicks photographs during the Diwali Mangal Milan programme at BJP headquarters...

Narendra Modi clicks photographs during the Diwali Mangal Milan programme at BJP headquarters...

Nitin Gadkari leaves after meeting RSS Chief Mohan Bhagwat at RSS headquarters in Nagpur...

Nitin Gadkari leaves after meeting RSS Chief Mohan Bhagwat at RSS headquarters in Nagpur...

Brother & Sister take holy dip in river Yamuna on the occasion of Bhai Dooj...

Brother & Sister take holy dip in river Yamuna on the occasion of Bhai Dooj...

Dhoni talks to Hockey India player Ashunta Lakra during launch of hockey team in Ranchi...

Dhoni talks to Hockey India player Ashunta Lakra during launch of hockey team in Ranchi...

Brother of Thailand's Prime Minister Payap Shinawatra takes part in Robe...

Brother of Thailand's Prime Minister Payap Shinawatra takes part in Robe...

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bangalore - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523