Press Esc to close
Tuesday 30 August 2016
News updated at 2:23 AM IST
Weather
Max: 27.4°C
Min : 20.8°C
In Bengaluru
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
Bollywood actor Akshay Kumar with Hollywood actor Will Smith during a party in Mumbai...

Bollywood actor Akshay Kumar with Hollywood actor Will Smith during a party in Mumbai...

An artisian paints the idol of Lord Ganesha ahead of Ganesh Chaturthi at Beawar in Rajasthan...

An artisian paints the idol of Lord Ganesha ahead of Ganesh Chaturthi at Beawar in Rajasthan...

Kareena Kapoor showcases a creation by designer Sabyasachi grand finale show of Lakme Fashion Week..

Kareena Kapoor showcases a creation by designer Sabyasachi grand finale show of Lakme Fashion Week..

Alphorn musicians perform in Nesselwang, southern Germany, Sunday...

Alphorn musicians perform in Nesselwang, southern Germany, Sunday...

Britney Spears performs at the MTV Video Music Awards at Madison Square Garden....

Britney Spears performs at the MTV Video Music Awards at Madison Square Garden....

Awardees at the National Sports and Adventure Award 2016 function at Rashtrapati Bhawan...

Awardees at the National Sports and Adventure Award 2016 function at Rashtrapati Bhawan...

MNS party members staging a protest against ban on sale of meat for four days during festival...

MNS party members staging a protest against ban on sale of meat for four days during festival...

Bollywood actor Zayed Khan during a promotional event in Jaipur on Monday...

Bollywood actor Zayed Khan during a promotional event in Jaipur on Monday...

Women attack a fire vehicle after death of two persons in a fire due to alleged negligence...

Women attack a fire vehicle after death of two persons in a fire due to alleged negligence...

Siddharth Malhotra and actress Katrina Kaif share a light moment at Sabarmati river...

Siddharth Malhotra and actress Katrina Kaif share a light moment at Sabarmati river...

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