Sensex Ends 33 Points Higher In Volatile Trade Post RBI Policy

Tuesday, September 30, 2014
Print Print Email Email

MUMBAI: The BSE benchmark Sensex surrendered most of its early gains and closed a moderate 33 points higher on selling in interest-sensitive stocks of banking and realty stocks, after the RBI kept interest rates unchanged in its bi-monthly monetary policy.

In a highly volatile trade, the 30-share index opened higher and rose to the day’s high of 26,851.33, a jump of 254.22 points from previous close, after announcement of the RBI policy.

However, selling in banking and realty sector stocks and other blue-chip stocks, gave up most of its gain to close the session 33.40 points, or 0.13 per cent, higher at 26,630.51.

Sensex had lost 29.21 points on Monday after participants trimmed positions ahead of the RBI monetary policy review.

On similar lines, the NSE 50-share Nifty in two-way movements, finally settled 5.90 points, or 0.07 per cent higher at 7,964.80 after touching the day’s high of 8,030.90 and a low of 7,923.85.

Brokers said the RBI’s decision to keep interest rate unchanged was largely in line with investor expectations and had little impact on buying by participants but profit- booking at improved levels, minimised the gains, spread over a broad front.

RBI, in its monetary policy, left the short-term lending rate or repo rate unchanged at 8 per cent, and the cash reserve ratio static at 4 per cent. The statutory liquidity ratio (SLR) has also been retained at 22 per cent.

Global cues were not conducive as Asian bourses ended lower a Chinese manufacturing gauge missed estimates. European markets were also weak in early trades.

While 14 out of the 30 Sensex shares ended with gains led by Sun Pharma (up 2.77 per cent), HDFC (2.17 per cent) and Bajaj Auto (2 per cent), BHEL, Axis Bank and Hindalco remained major losers.

Sector-wise, BSE Consumer Durabless index gained the most by rising 1.75 per cent, followed by Healthcare 1.35 per cent, Oil & Gas index 1.14 per cent and FMCG index 0.66 per cent but Banking index shed 0.47 per cent, Realty index 2.66 per cent and Auto index 0.06 per cent.

Source: PTI
Looking For Loan? Let us Help you !!!
Loan Amount
Annual Income
Preferred banks
Type the characters you see in the picture
90% of developing economies
Ninety per cent of developing economies, including India are falling behind or are at risk of fall..
Banks need to raise own capital
Public Sector Banks (PSBs) may raise capital themselves to meet regulatory and growth ..
Bharti Airtel board approves
Telecom major Bharti Airtel on Thursday said its board of directors has approved fund raising ..
Brookfield to buy RIL E-W Pipeline
Canadian investor Brookfield has acquired the loss-making East-West Pipeline Ltd from Mukesh Amba..