Press Esc to close
Tuesday 02 September 2014
News updated at 2:32 AM IST
Weather
Max: 27°C
Min : 20°C
In Bangalore
Generally cloudy

Sensex slumps 183 points post RBI policy announcement

Mumbai, May 3, 2013, (PTI) :

The BSE benchmark Sensex today fell over 183 points in late morning trade led by weakness in banking sector stocks, as RBI failed to meet market expectations with just 0.25 per cent cut in short-term lending rate and no change in the cash reserve ratio.

The 30-share index, which opened in negative zone, fell further by 183.22 points, or 0.92 per cent to trade at 19,552.55 at 1130 hrs, after RBI left the CRR unchanged at 4 per cent and announced just 0.25 per cent cut in key interest rate to 7.25 per cent.
Sensex had rallied by 449.23 points in the previous three sessions.

Similarly, the National Stock Exchange Nifty index Nifty fell by 69.20 points, or 1.15 per cent, to 5,930.15.


The fall was mostly led by interest rate sensitive stocks such as banking after the Reserve Bank did not cut the cash reserve ratio (CRR), brokers said.

The BSE banking index fell by 1.67 per cent to 14,288.64 points as stocks of state-run State Bank of India fell 2.51 per cent to Rs 2,241.65, Canara Bank by 3.32 per cent to Rs 398.35, ICICI Bank by 1.96 per cent to Rs 1,148.45, HDFC Bank by 1.26 per cent to Rs 683.45 and Axis Bank by 1.77 per cent to Rs 1,489.75.

Go to Top

Photo Gallery
President Pranab Mukherjee grants degree to a student at the 14th convocation of the University...

President Pranab Mukherjee grants degree to a student at the 14th convocation of the University...

Fireworks on the occasion of 410th installation anniversary of Sri Guru Granth Sahib, the holy...

Fireworks on the occasion of 410th installation anniversary of Sri Guru Granth Sahib, the holy...

Left Front activists take part in a rally to observe anti-imperialist day in Kolkata on...

Left Front activists take part in a rally to observe anti-imperialist day in Kolkata on...

Flood water flows through Srisailam dam after its four crest gates were opened in Kurnool on...

Flood water flows through Srisailam dam after its four crest gates were opened in Kurnool on...

BJP president Amit Shah during a visit to Sree Padmanabhaswamy temple in Thiruvananthapuram on...

BJP president Amit Shah during a visit to Sree Padmanabhaswamy temple in Thiruvananthapuram on...

Prime Minister Narendra Modi shakes hands with Japanese Minister of Foreign Affairs Fumio...

Prime Minister Narendra Modi shakes hands with Japanese Minister of Foreign Affairs Fumio...

Actress & BJP MP from Chandigarh Kirron Kher speaks during a seminar on...

Actress & BJP MP from Chandigarh Kirron Kher speaks during a seminar on...

Prime Minister Narendra Modi and Japan's Prime Minister Shinzo Abe makes a toast during a banquet...

Prime Minister Narendra Modi and Japan's Prime Minister Shinzo Abe makes a toast during a banquet...

Congress president Sonia Gandhi prays in a temple during a visit to her constituency Rae Bareli...

Congress president Sonia Gandhi prays in a temple during a visit to her constituency Rae Bareli...

Congress president Sonia Gandhi in a village hut during a visit to her constituency Rae Bareli on...

Congress president Sonia Gandhi in a village hut during a visit to her constituency Rae Bareli on...

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