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RBI’s monetary policy upsets mkts, Sensex closes 156 pts down

Disappointed by Reserve Bank of India’s decision to keep key interest rates unchanged, domestic bourses closed Wednesday’s trading session in…

RBI’s monetary policy upsets mkts, Sensex closes 156 pts down

(Getty Images)

Disappointed by Reserve Bank of India’s decision to keep key interest rates unchanged, domestic bourses closed Wednesday’s trading session in the negative zone. 
The Sensex at the Bombay Stock Exchange (BSE) closed 156 points down at 26,237 and the Nifty at the National Stock Exchange (NSE) ended 41 points lower at 8,102.
In its first monetary policy review after demonetisation of old Rs.500 and Rs.1000 notes, the Reserve Bank of India (RBI) on Wednesday kept the repo rate unchanged at 6.25 per cent. The Bank Rate was also kept unchanged at 6.75 per cent. 
In the broader markets, BSE Midcap and Smallcap indices slumped 0.2 per cent and 0.5 per cent respectively.
Among the BSE sectoral indices, Auto index jumped the most, up 0.4 per cent, while Healthcare index became the top loser, down 1.7 per cent. 
On Tuesday, the Sensex had closed 44 points up at 26,393 and the Nifty had ended 14 points higher at 8,143.
Top gainers in the Sensex-30 pack: Adani Ports (up 2.4 per cent), HDFC (up 2 per cent), Hero Motocorp (up 1.3 per cent) and Tata Motors (up 1 per cent).
Top losers in the Sensex-30 pack: Sun Pharma (down 6 per cent), Axis Bank (down 1.9 per cent), HDFC Bank (down 1.5 per cent), Lupin (down 1.5 per cent) and TCS (down 1.4 per cent).
However, the Rupee was trading two paise higher at 67.88 against the US Dollar.

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