Facebook
Twitter
Google+
LinkedIn
Pinterest
+
Equities Tumble After RBI Maintains Current Lending Rate
Equities Tumble After RBI Maintains Current Lending Rate

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.

ALSO READ: No Limit On Cash Withdrawal From Savings Bank Accounts From March 13, Says RBI

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 0.75 points or 0.01 per cent 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 per cent, from the previous close at 28,335.16 points.

ALSO READ: Indian Equity Markets Plunge Due To Profit Booking

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 per cent to 8,768.30 points, while the BSE Sensex was down 104.12 points or 0.37 per cent at 28,335.16 points.