Press Esc to close
Monday 31 August 2015
News updated at 10:06 AM IST
Weather
Max: 29.4°C
Min : 21.1°C
In Bengaluru
Sunny day

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
Participants run during the Hyderabad Marathon 2015 which witnessed a massive turnout...

Participants run during the Hyderabad Marathon 2015 which witnessed a massive turnout...

People take part in rafting at Bogamati, a picnic spot, in Baska district of Assam...

People take part in rafting at Bogamati, a picnic spot, in Baska district of Assam...

A woman crosses a flooded area over a raft made of banana tree trunks at Dhakuakhana in...

A woman crosses a flooded area over a raft made of banana tree trunks at Dhakuakhana in...

Bollywood actor Kriti Sanon walks the ramp displaying an outfit by designer...

Bollywood actor Kriti Sanon walks the ramp displaying an outfit by designer...

Ganesh idols are taken to the pandals ahead of Ganesh Chaturthi festival ...

Ganesh idols are taken to the pandals ahead of Ganesh Chaturthi festival ...

Artist from Purilia performing Chhau Dance during Photo Fair in...

Artist from Purilia performing Chhau Dance during Photo Fair in...

An elderly man wades through a submerged bridge in flood water at Bengalipara...

An elderly man wades through a submerged bridge in flood water at Bengalipara...

Bollywood actor Arjun Rampal showcases a creation by designer Bugatti during Lakme Fashion...

Bollywood actor Arjun Rampal showcases a creation by designer Bugatti during Lakme Fashion...

President Pranab Mukherjee honours gymnast Dipa Karmakar with Arjuna Award 2015...

President Pranab Mukherjee honours gymnast Dipa Karmakar with Arjuna Award 2015...

Malayali women light lamps at Lord Ayyappa Temple on the occasion of Onam festival...

Malayali women light lamps at Lord Ayyappa Temple on the occasion of Onam festival...

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