Business

Sensex, Nifty plunge after RBI maintains key lending rates

Agency | December 06, 2017 03:35 PM

MUMBAI: The key indices of the domestic equity markets plunged after the Reserve Bank of India (RBI) belied investors' expectations of reduction in key lending rates.

Consequently, the two key indices -- S&P BSE Sensex and NSE Nifty50 -- traded deep in the red, just minutes after the RBI came out with its fifth monetary policy review of 2017-18.

The BSE Sensex dropped by almost 200 points, while the wider NSE Nifty50 fell by over 70 points.

Around 2.45 p.m., the wider Nifty50 of the National Stock Exchange (NSE) fell by 71.15 points or 0.70 per cent to trade at 10,047.10 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE traded at 32,584.88 points -- down 217.56 points or 0.66 per cent -- from its previous close.

The BSE market was bearish with 1,539 declines and 1,039 advances.

Have something to say? Post your comment
Must Read
Herbal park to be developed on 4 acres in Dhaipi village, says Punjab forest minister sadhu Singh Dharamsot
Herbal park to be developed on 4 acres in Dhaipi village, says Punjab forest minister sadhu Singh Dharamsot
Education could empower students to become an active partners in nation building - says DC
Education could empower students to become an active partners in nation building - says DC
DC exhorts NRIs to participate in special camp being organized for them at DAC
DC exhorts NRIs to participate in special camp being organized for them at DAC
Dal Khalsa mocks at shifting of Behbal Kalan probe from Faridkot to Ferozepur police
Dal Khalsa mocks at shifting of Behbal Kalan probe from Faridkot to Ferozepur police
DC launches ‘campus to corporate 2018’ app for giving fillip to ‘Ghar Ghar Naukri’ mission
DC launches ‘campus to corporate 2018’ app for giving fillip to ‘Ghar Ghar Naukri’ mission
Sidhu bats for taking Punjab crop to world market
Sidhu bats for taking Punjab crop to world market
Cash snatched from Nakodar  woman
Cash snatched from Nakodar woman
Councilor among four booked for outraging woman’s modesty
Councilor among four booked for outraging woman’s modesty
CA Renu Arora elected as Head Legal Cell of PUCA
CA Renu Arora elected as Head Legal Cell of PUCA
Canadian entrepreneurs call on Rana KP to promote technology of converting garbage to energy in Punjab
Canadian entrepreneurs call on Rana KP to promote technology of converting garbage to energy in Punjab
Bhagwant Mann takes unique initiative, donates three wheeler scooters to differently able people
Bhagwant Mann takes unique initiative, donates three wheeler scooters to differently able people
Sitharaman questions Rahul's presence at Gitanjali Jewels event
Sitharaman questions Rahul's presence at Gitanjali Jewels event