Wednesday, 7 December 2016
Nifty ends at 8102, Sensex at 156 points lower, as RBI keeps key rates unchanged
Market on Wednesday has ended in red after the RBI unanimously decided to keep the policy rate unchanged at 6.25 percent, which was much against the expectations of analysts. however, the slow pace of recovery in the economy also weighed on market sentiment.
The Sensex was down 155.89 points or 5.9 percent at 26,236.87, and the Nifty down 41.10 points or 0.5 percent at 8,102.05.
About 1,106 shares advanced, 1,501 shares declined, and 176 shares were unchanged.
Bank Nifty pared all its intraday gains to end over 1 percent lower led by losses in BoB, ICICI Bank, Axis Bank and Bank of India.
Sun Pharma, Lupin and TCS were losers in the Sensex while Adani Ports, HDFC, Tata Motors and Mahindra & Mahindra were gainers.
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