Press Esc to close
Saturday 06 February 2016
News updated at 9:06 PM IST
Weather
Max: 29°C
Min : 17°C
In Bengaluru
Partially 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
Supporters of the lesbian, gay, bisexual and transgender community attend the 'Pride March'...

Supporters of the lesbian, gay, bisexual and transgender community attend the 'Pride March'...

Guest lecturers staged a protest in front of District in charge minister Qamarull Islamaaos house...

Guest lecturers staged a protest in front of District in charge minister Qamarull Islamaaos house...

Participants perform yoga during the “Yoga Festival celebration of Peace & Harmony”...

Participants perform yoga during the “Yoga Festival celebration of Peace & Harmony”...

Indian swimmer Shivani Kataria shows her gold medal that she wom in women's 200-metre freestyle...

Indian swimmer Shivani Kataria shows her gold medal that she wom in women's 200-metre freestyle...

Gold Medal winner Priyanka Singh of India (C), silver medal winner SPS Niroshani of Sri Lanka (L)...

Gold Medal winner Priyanka Singh of India (C), silver medal winner SPS Niroshani of Sri Lanka (L)...

Gold medal winner Harshdeep of India, silver medal winner Chamari Mendis...

Gold medal winner Harshdeep of India, silver medal winner Chamari Mendis...

India's Guru Raja competes to win gold in the 56 kg men's weightlifting event...

India's Guru Raja competes to win gold in the 56 kg men's weightlifting event...

Gold medal winner in 30 kilometre cycle race Bidyalaxmi Tourangbam (C), silver medal winner Chaoba..

Gold medal winner in 30 kilometre cycle race Bidyalaxmi Tourangbam (C), silver medal winner Chaoba..

Gurukiran team performing Jai Ho dance during valedictory ceremony of 8th Bengaluru...

Gurukiran team performing Jai Ho dance during valedictory ceremony of 8th Bengaluru...

Actor Rishika Sing(daughter of director Rajendra Sing Babu)...

Actor Rishika Sing(daughter of director Rajendra Sing Babu)...

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