Sensex Down 84 Pts in Early Trade Ahead Of RBI Policy Meet

Thursday, May 2, 2013
Print Email


The BSE benchmark Sensex today fell over 84 points in early trade today as funds and investors preferred to trim their positions ahead of RBI credit policy meeting.



The 30-share barometer declined by 84.12 points, or 0.42 per cent, to 19,651.65 with stocks of interest-sensitive such as banking, auto and realty sectors leading the fall. The Sensex had gained 449.23 points in the previous three sessions on expectations of rate cut.



The wide-based National Stock Exchange index Nifty down by 17.70 points, or 0.30 per cent, to 5,981.65.



Brokers said trimming of positions by participants before the Reserve Bank of India's credit policy, to be announced later today, mainly attributed fall in stock prices.



They said, however, a firming trend overseas, limited the losses.



In the Asian region, Hong Kong's Hang Seng index gained 0.70 per cent, Japan's market is closed today. The US Dow Jones Industrial Average ended 0.89 per cent higher yesterday.


- See more at: http://www.indianexpress.com/news/bse-sensex-falls-84-pts-in-early-trade-ahead-of-rbi-policy-meet/1110969/#sthash.C1YHm49f.dpuf



The BSE benchmark Sensex today fell over 84 points in early trade today as funds and investors preferred to trim their positions ahead of RBI credit policy meeting.



The 30-share barometer declined by 84.12 points, or 0.42 per cent, to 19,651.65 with stocks of interest-sensitive such as banking, auto and realty sectors leading the fall. The Sensex had gained 449.23 points in the previous three sessions on expectations of rate cut.



The wide-based National Stock Exchange index Nifty down by 17.70 points, or 0.30 per cent, to 5,981.65.



Brokers said trimming of positions by participants before the Reserve Bank of India's credit policy, to be announced later today, mainly attributed fall in stock prices.



They said, however, a firming trend overseas, limited the losses.



In the Asian region, Hong Kong's Hang Seng index gained 0.70 per cent, Japan's market is closed today. The US Dow Jones Industrial Average ended 0.89 per cent higher yesterday.


- See more at: http://www.indianexpress.com/news/bse-sensex-falls-84-pts-in-early-trade-ahead-of-rbi-policy-meet/1110969/#sthash.C1YHm49f.dpuf


Mumbai: The BSE benchmark Sensex fell over 84 points in early trade today as funds and investors preferred to trim their positions ahead of RBI credit policy meeting.



The 30-share barometer declined by 84.12 points, or 0.42 per cent, to 19,651.65 with stocks of interest-sensitive such as banking, auto and realty sectors leading the fall. The Sensex had gained 449.23 points in the previous three sessions on expectations of rate cut.



The wide-based National Stock Exchange index Nifty down by 17.70 points, or 0.30 per cent, to 5,981.65.



Brokers said trimming of positions by participants before the Reserve Bank of India's credit policy, to be announced later, mainly attributed fall in stock prices.



They said, however, a firming trend overseas, limited the losses.



In the Asian region, Hong Kong's Hang Seng index gained 0.70 per cent, Japan's market is closed. The US Dow Jones Industrial Average ended 0.89 per cent higher, the previous day.



Also Read:
Check Out India's Best Management Gurus
13 Most Powerful Names of India, 2013


Source: PTI
Write your comment now
 
Looking For Loan? Let us Help you !!!
Product
Name
City
Phone
Email
Loan Amount
Annual Income
Preferred banks
Type the characters you see in the picture
 
Sign Up for DailyDose and Read the Day's Highlights
Email:
SiliconIndia About Us   |   Contact Us   |   Help   |   Community rules   |   Advertise with us   |   Sitemap   |  
News:       Technology   |   Enterprise   |   Gadgets   |   Startups   |   Finance   |   Business   |   Career   |   Magazine  |   Newsletter   |   News archive  
Cities:        CEO   |     Startup   |   Mobile   |   CIO   |   Women   |   BI   |   HR   |   SME   |   Cloud   |   Marketing   |   QA   |   Java   |   Web Developer  
Community:      Members   |   Blogs   |   Indian Entrepreneurs   |   Gyan   |   Advice   |   Community   |   Find   |   Events   |   CXO Insights  
Job Board:      Jobs   |   Freshers   |   Companies   |   HR Speak   |   Forum  
Online Courses:   Web Developer   |   Java Developer   |   CCNA Training   |   SEO   |   SAS   |   SQL Server 2005   |   J2EE
Education:   MBA   |   MCA   |   Engineering   |   Training Institute
Life:          Real Estate   |   Travel   |   Finance   |   Gadgets   |   Movie Reviews   |    Jokes  
Send your feedback and help us continue to improve SiliconIndia
© 2014 InfoConnect Web Technologies India Pvt Ltd. all rights reserved