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February 24, Saturday 2018 11:17 AM       

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       BUSINESS Next Article: Travel, trade to resume on Srinagar-Muzzaffarabad route  
       Markets suffer from more losses as bank, metal lead selling
 
         Posted on :16:41:11 Aug 3, 2017
   
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       Last edited on:16:41:11 Aug 3, 2017
         Tags: Markets suffer from more losses as bank, meta
 
Mumbai: Stock markets moved down for the second session today as the Sensex ended with a loss of 239 points as banking, realty and metal stocks struggled owing to concerns over the direction of the monetary policy.
 
The Reserve Bank yesterday cut the repo rate by 25 basis points to 6 per cent, but pinned future action on more economic data.
 
Interest-rate sensitive stocks - banking, realty and auto - continued their slide as the RBI policy action failed to impress investors.
 
The 30-share index ended down 238.86 points, or 0.74 per cent, at 32,237.88 after hitting a low of 32,194.58. The gauge had lost 98.43 points yesterday.
 
The Nifty slumped by 67.85 points, or 0.67 per cent, but managed to close above the 10,000-mark at 10,013.65 after touching a low of 9,998.25.
 
The rupee, which strengthened further against the dollar to trade at a fresh two-year high of 63.56 (intra-day) in the forex market, failed to boost sentiment.
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       BUSINESS
Next Article: Travel, trade to resume on Srinagar-Muzzaffarabad route
 
 
BUSINESS HEADLINES
RBI introduces Ombudsman Scheme for NBFCs  
Nest to offer 30 pct discount to Airbnb 'Superhosts'  
Sensex surges 200 pts, Nifty above 10,400-level  
Centre to crackdown on erring auditors  
Revised India-Kenya Double Taxation Avoidance Agreement notified  
Sensex slips 144 points ahead of F&O expiry  
EPFO cuts interest rate to 8.55 pct for 2017-18  
Aviva India launches digital platform to nurture child's inherent talent  
Milkbasket to hire 2,000 employees  
AI launches non-stop New Delhi-Amritsar-Birmingham flight  
Lakme Fashion Week, WeWork kickstart fashion Incubation program  
Finway Capital empowers borrowers with easy access to funds  
Rajesh Kakkar is offshore director of ONGC  
Glitches in GSTN remain cause of concern  
Post bank scams, Sensex tanks 462.10pts  
'Maharashtra has great business potential'  
Sensex drops 195 pts, Nifty below 10,400  
Reliance to invest 60,000 cr in Maharashtra  
Retailers accused of levying GST over MRP  
Citizens urge reduction of GST on sanitary napkins  
India, Iran sign double taxation pact  
Refer to these fintech startups for range of medical loans  
SBI launches Global NRI Center to enhance customer experience  
Nifty drops 93 points, ends below 10,500  
Will ask visually challenged to examine new notes: HC  
 
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