Stocks Fall De­spite RBI’s Repo Rate Cut

The Economic Times - - Companies: Pursuit Of Profit -

Eq­uity mar­kets on Wed­nes­day were pulled lower to close on a sub­dued note on the back of broadly neg­a­tive Euro­pean mar­kets and profit book­ing as the RBI’s de­ci­sion to re­duce key lend­ing rates could not lift in­vestors’ sen­ti­ments. On a clos­ing ba­sis, the Nifty50 fell by 33.15 points, or 0.33%, to 10,081.50 points. The Sen­sex, which opened at 32,641.58 points, closed at 32,476.74 points — down 98.43 points, or 0.30% — from its pre­vi­ous close at 32,575.17 points. The BSE mar­ket breadth was bear­ish with 1,610 de­clines and 1,042 ad­vances. In the early morn­ing ses­sion, the key eq­uity in­dices opened on a higher note and surged to new in­tra-day highs. The Nifty scaled a fresh in­tra­day high of 10,137.85 points and the Sen­sex of 32,686.48 points.

— Agen­cies

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