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Stock Market Updates: Erasing all its early positive aspects, the 30-share BSE Sensex fell by 746.62 factors to 71,405.38. The Nifty declined 220.95 factors to 21,709.55.
Stock Market Updates: Equity benchmark indices tanked on Thursday after the Reserve Bank of India’s financial coverage determination. Sensex dropped 723.57 factors to settle at 71,428.43. Nifty misplaced 212.55 factors to shut at 21,717.95.
The Reserve Bank of India on Thursday determined to maintain the important thing coverage price unchanged for the sixth time in a row because it maintains a decent vigil on inflation.
Erasing all its early positive aspects, the 30-share BSE Sensex fell by 746.62 factors to 71,405.38. The Nifty declined 220.95 factors to 21,709.55 after the bulletins had been made.
Announcing the bi-month-to-month financial coverage, RBI Governor Shaktikanta Das mentioned the Monetary Policy Committee (MPC) has determined to maintain the repo price unchanged at 6.5 per cent.
Among the Sensex companies, Axis Bank, Nestle, ICICI Bank, ITC, Maruti, Kotak Mahindra Bank, Bajaj Finance and Asian Paints had been the main laggards.
PowerGrid defied the broader market pattern and jumped almost 5 per cent after the corporate posted a ten.5 per cent rise in consolidated web revenue to Rs 4,028.25 crore within the December quarter, primarily on the again of upper revenues.
State Bank of India, HCL Technologies and Tata Consultancy Services had been the opposite gainers.
In Asian markets, Seoul, Tokyo and Shanghai had been buying and selling within the constructive territory whereas Hong Kong quoted decrease.
The US markets ended with positive aspects on Wednesday.
Global oil benchmark Brent crude climbed 0.28 per cent to USD 79.43 per barrel.
Foreign Institutional Investors (FIIs) offloaded equities price Rs 1,691.02 crore on Wednesday, in keeping with alternate knowledge.
The BSE benchmark declined 34.09 factors or 0.05 per cent to settle at 72,152 on Wednesday. The Nifty ended marginally up by 1.10 factors or 0.01 per cent to 21,930.50. P
(With company inputs)
