The BSE Sensex dropped over 700 points, while the 50-share Nifty declined over 200 points post Reserve Bank's policy announcement on Tuesday. The stock markets came under pressure even though the RBI cut its repo rate by 25 basis points to 7.25 per cent. The stocks down - banks, auto and realty - were the biggest losers in trade today.
Closing update:- The Sensex ended down 660.61 points or 2.37% at 27188.38, it was touched a low of 27146.68 and touch a high of 27902.53.
The nifty index closed red 196.95 points or 2.34% at 8236.45, it was touched a high of 8445.35 and touched a low of 8226.05 in trade today.
The biggest losers stocks today:-
Axis bank 4.44%, Indusindbk 4.32%, SBIN 4.21%, Asian paints 4.20%, ITC 4.08%, Ambuja Cements 4.04%, ICICI bank 4.01%, Yes bank 3.93%, Hero motocom 3.87%, Hindalco 3.78%.
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