Business as usual in stock markets despite credit policy

By IANS

Mumbai : Indian stock markets have not been affected by the mid-term review of monetary policy announced Tuesday, as it was largely in line with street expectations.


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It was a choppy day for the markets amid volatility. The markets ended in the red.

The sensitive index (Sensex) of the Bombay Stock Exchange (BSE) hit an all-time high of 20,124 and slipped back into the red, ending the day by losing 193.45 points or 0.97 percent, closing at 19,784.

The broader S&P CNX Nifty of the National Stock Exchange (NSE) also lost 33.95 points or 0.57 percent due to some profit booking and ended the session at 5,872 points.

Among the top gainers on the Sensex were Sterlite Industries gaining 6.18 percent at Rs.1,015, ABB up by 5.53 percent at Rs.1,553 and Reliance Petroleum up by 5.34 percent at Rs.233.65.

Among the top losers on the index were Maruti down by 8.61 percent at Rs.1,087.41, Mahindra & Mahindra down by 7.31 percent at Rs.738.85 and Steel Authority of India down by 5.57 percent at Rs.261.

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