APN News

  • Sunday, September, 2021| Today's Market | Current Time: 02:58:31
  • Sensex falls to 2-wk low; bank shares slip as RBI holds rates

    Published on February 3, 2015

    Markets fell for the third straight session with the benchmark Sensex on Tuesday slipping 122.13 points to end at nearly two-week sensex new 2low of 29,000.14, weighed down by rate-sensitive banking and realty shares after the RBI disappointed markets by not lowering interest rates.

    In highly volatile trade, the BSE Sensex opened higher and rallied to 29,253.06 in early deals.

    However, it entered the negative terrain after the RBI policy was announced and even dipped below the 29,000-mark to touch low of 28,900.41.

    However, the bluechip index managed to gain some ground and closed at 29,000.14, down 122.13 points, or 0.42 per cent. The gauge has now lost 681.63 points in three days and closed at its weakest since 28,888.86 on January 21, 2015.

    On similar lines, the 50-share NSE index Nifty finished 40.85 points down, or 0.46 per cent, at 8,756.55 after moving between 8,726.65 and 8,837.30 intra-day.

    RBI left interest rate unchanged at 7.75 per cent, but cut the statutory liquidity ratio (SLR) – the amount of funds that lenders must set aside – by 50 basis points to 21.5 per cent of deposits from February 7.