Wednesday 5 December 2018

Nifty Slips Below 10,800 Mark Ahead Of RBI Policy Tata Motors Drops 2%

Posted by suhani varma on Wednesday, December 05, 2018 with No comments

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Equity benchmark indices opened lower on Wednesday tracking weak global clues ahead of fifth RBI Monetary Policy Committee meeting. The Sensex slipped below 36,000-mark as heavy selling pressure was witnessed in Infosys, TCS, Reliance Industries, and HDFC Bank.

The Sensex dipped 259 points to 35,875, while the Nifty fell 82 points to 10,787. The Nifty Midcap was lower by 0.64% and Nifty Bank index also slipped by 161 points.

The market breadth, indicating the overall health of the market, was negative. On the BSE, 467 shares rose and 944 shares fell. A total of 76 shares were unchanged.

Shares of Tata Motors dropped 2% after S&P Global Ratings downgraded the company's credit rating. 

Except IT stocks, banking, consumer durables, FMCG, telecom and auto stocks were in the negative zone on the BSE.

The Indian rupee slipped by 15 paise at 70.64 against US Dollar.

IOC, ONGC, HPCL, BPCL and Bharti Infratel were the top Nifty gainers, while Hindalco, Tata Motors, Titan, IndusInd Bank and Tata Steel were among the top losers.

Volatility index India VIX down 1.22% to 17.88.

The most active stocks were Sun Pharma, Yes Bank, Indiabulls HF, HDFC, Bharat Forge, and RCOM.


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