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Home > Markets > Sensex drops over 100 points as RBI leaves policy rate unchanged
Markets
Sensex drops over 100 points as RBI leaves policy rate unchanged
By  
PTI   , Published : Dec 5, 2019, 12:31 pm IST | Updated : Dec 5, 2019, 12:31 pm IST

BSE Sensex was trading 100.56 points, lower at 40,749.73 at 1149 hours.

Similar movement was seen on the NSE and the broader NSE Nifty was trading 11.25 points, or 0.09 per cent, down at 12,031.95 at 1212 hrs.
Similar movement was seen on the NSE and the broader NSE Nifty was trading 11.25 points, or 0.09 per cent, down at 12,031.95 at 1212 hrs.

Mumbai: Equity benchmark BSE Sensex dropped over 100 points in afternoon session on Thursday, after the the Reserve Bank of India kept the key policy rate unchanged at 5.15 per cent and decided to continue with its accommodative stance to support the economy.

In the fifth bi-monthly review of the policy, the central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.

After opening higher by 84.17 points at 40,934.46 in opening deals, the 30-share index pared all gains to turn negative after the policy announcement by the Reserve Bank of India (RBI).

It was trading 100.56 points, lower at 40,749.73 at 1149 hours. Similar movement was seen on the NSE and the broader NSE Nifty was trading 11.25 points, or 0.09 per cent, down at 12,031.95 at 1212 hrs.

Top losers in the Sensex pack included Sun Pharma, Yes Bank, Bharti Airtel, Tata Steel, Tata Motors, IndusInd Bank shedding up to 2 per cent.

On the other hand, TCS, Tech Mahindra, ITC, Larsen & Toubro, Reliance Industries, ICICI Bank and Infosys bucked the trend and were trading in the positive territory with gains of as much as 1.20 per cent.

Rate-sensitive banking stocks faced the heat, with the BSE bankex falling 0.36 per cent. BSE realty index also turned red.

The rupee was also trading lower by 8 paise at 71.61 in afternoon session.

Brent futures, the global oil benchmark, fell 0.32 per cent to USD 62.80 per barrel.

end-of
Tags: 
bse, nse, sensex, nifty, stock markets, share markets, trade, trading
Location: 
India, Maharashtra, Mumbai (Bombay)
Latest From Markets
After swinging over 423 points intra-day, the 30-share BSE Sensex ended down by 304.26 points, or 0.73 per cent, at 41,253.74. (Photo: File | PTI)

Sensex tanks 304 points on last day of 2019; Nifty drops below 12,200

The 30-share BSE Sensex fell 108.21 points or 0.26 per cent to 41,449.79, and the broader NSE Nifty slipped to 12,227.75. (Photo: File | AP)

Sensex drops over 100 points amid thin global trade

Besides, weakening of the American currency in overseas market supported the rupee, while steady rise in crude oil prices and weak opening in domestic equities weighed on the local unit, forex traders said.

Rupee rises 8 paise to 71.23 against US dollar in early trade

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