Equities End Flat As RBI Keeps Lending Rates Unchanged


MUMBAI: Indian equities markets on Wednesday provisionally closed on a flat note, after the Reserve Bank of India (RBI) kept key lending rates unchanged in its sixth and final monetary policy review for 2016-17 fiscal.

The key indices were pulled lower by profit booking, as selling pressure was witnessed in banking, healthcare and FMCG stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 0.75 points or 0.01 pct to 8,769.05 points.

In contrast, the barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 28,386.08 points, provisionally closed at 28,289.92 points (at 3.30 p.m.) -- down 45.24 points or 0.16 pct, from the previous close at 28,335.16 points.

The Sensex touched a high of 28,391.64 points and a low of 28,149.08 points during intra-day trade.

However, the BSE market breadth was tilted in favour of the bulls -- with 1,511 advances and 1,356 declines.

On Tuesday, the benchmark indices were dragged lower by negative global cues and profit booking.

The NSE Nifty had inched down 32.75 points or 0.37 pct to 8,768.30 points, while the BSE Sensex was down 104.12 points or 0.37 pct at 28,335.16 points.

Read Also:

Cos Raise Rs 46K Cr In Jan Via Debt Placement

India Attracted $32.5 Bn FDI During April-November

Source: IANS