Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
»
2-min read

Sensex Ends 192 Points Lower Post RBI Policy

TCS was the biggest loser in the Sensex pack, sliding 3.17 per cent, followed by HCL Tech, Yes Bank, IndusInd Bank, RIL, ICICI Bank, Infosys, Tata Steel, Kotak Bank and L&T, down up to 2.34 per cent.

PTI

Updated:April 4, 2019, 4:42 PM IST
facebookTwittergoogleskypewhatsapp
Sensex Ends 192 Points Lower Post RBI Policy
Representative image (Reuters)
Loading...
Mumbai: The BSE Sensex closed 192 points lower on Thursday after the RBI lowered GDP growth forecast for 2019-20 and kept its monetary policy stance 'neutral' amid uncertainty over monsoon.

In its first bi-monthly policy review for this financial year, the central bank cut the key interest rate by 0.25 per cent for the second time in a row.

After a volatile session, the 30-share Sensex index settled 192.40 points, or 0.49 per cent, lower at 38,684.72.

In similar movement, the broader NSE Nifty slipped below the 11,600 mark, ending 45.95 points, or 0.39 per cent, down at 11,598.

TCS was the biggest loser in the Sensex pack, sliding 3.17 per cent, followed by HCL Tech, Yes Bank, IndusInd Bank, RIL, ICICI Bank, Infosys, Tata Steel, Kotak Bank and L&T, down up to 2.34 per cent.

On the other hand, Tata Motors, Hero MotoCorp, Bharti Airtel, HDFC, Asian Paints, Vedanta and Sun Pharma were among the top gainers, rising up to 2.49 per cent.

Sectorally, BSE IT, energy and oil and gas indices suffered most losses, shedding up to 1.53 per cent.

Rate-sensitive stocks ended on a mixed note, with the BSE auto and realty indices ending in the green with gains of up to 0.61 per cent. BSE bankex, however, ended 0.67 per cent lower.

Broader indices too ended in the red, with the BSE Midcap and Smallcap slipping up to 0.32 per cent.

"Investors turned cautious about the downward revision in GDP growth to 7.2 per cent for FY20 while premium valuation and concerns over monsoon further impacted the sentiment," said Vinod Nair, Head of Research, Geojit Financial Services.

In an attempt to propel economy ahead of the general elections, the Reserve Bank of India (RBI) Thursday lowered the benchmark interest rate by 0.25 per cent for the second time in a row to the lowest level in one year on softening inflation.

The central bank, however, kept its monetary policy stance 'neutral' over uncertainty over monsoon, and also lowered the gross domestic product (GDP) growth forecast for 2019-20 to 7.2 per cent from 7.4 per cent predicted in the February policy.

Foreign institutional investors (FIIs) pulled out Rs 1,040.48 crore Wednesday, and domestic institutional investors (DIIs) sold equities to the tune of Rs 80.83 crore, provisional data available with stock exchanges showed.

In Asia, Korea's Kospi rose 0.15 per cent, Japan's Nikkei inched up 0.05 per cent and Shanghai Composite Index gained 0.94 per cent. Hong Kong's Hang Seng declined 0.17 per cent.

In Europe, Frankfurt's DAX was down 0.03 per cent, Paris CAC 40 fell 0.31 per cent, while London's FTSE slipped 0.57 per cent in early deals.

The benchmark Brent crude futures fell 0.39 per cent to USD 69.04 per barrel.

Meanwhile, the rupee depreciated 63 paise to 69.04 against the US dollar intra-day.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 
Most Active
Company Price Change %Gain
Reliance 1,363.85 1.38
Indiabulls Hsg 744.20 1.40
Yes Bank 232.70 -2.37
HDFC Bank 2,245.30 -1.03
PC Jeweller 126.90 -1.78
Company Price Change %Gain
SpiceJet 127.25 1.68
Yes Bank 232.85 -2.33
Jet Airways 169.90 9.90
Reliance 1,363.30 1.38
Indiabulls Hsg 745.30 1.68
Top Gainers
Company Price Change %Gain
ONGC 163.75 3.70
Zee Entertain 409.15 3.18
Sun Pharma 468.55 3.09
Bajaj Finance 3,035.05 1.46
Indiabulls Hsg 744.20 1.40
Company Price Change %Gain
ONGC 163.95 3.93
Sun Pharma 468.50 3.08
Bajaj Finance 3,035.50 1.47
Coal India 255.35 1.45
Reliance 1,363.30 1.38
Top Losers
Company Price Change %Gain
Maruti Suzuki 7,048.90 -3.72
Yes Bank 232.70 -2.37
IndusInd Bank 1,651.35 -2.34
Tata Steel 523.35 -2.03
Hero Motocorp 2,638.05 -1.91
Company Price Change %Gain
Maruti Suzuki 7,042.65 -3.60
Yes Bank 232.85 -2.33
IndusInd Bank 1,654.60 -2.18
Tata Steel 523.80 -2.15
Hero Motocorp 2,637.10 -1.74

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results