Nifty above 6,000 Sensex Ends 20,300 Market Overview RBI hikes rates
Today Indian stock market was trade in red zone, 50-share index Nifty ended at 6,024.55, down 91 points or 1.49 per cent. The index touched intraday high of 6,130.95 and a low of 5,932.85 and Sensex closed at 20,286.22, down 360.42 points or 1.75 per cent. It touched a high of 20,677.99 and a low of 20,051.43 in trade today.
Market was red due to weak International market response and weak rupees condition, most popular reason of market down is increased the repo rate by 25 basis points to 7.5 per cent from 7.25 per cent and reverse repo report to 6.5 per cent from 6.25 per cent.
The rupee weakened further against the dollar after the RBI policy. The partially convertible rupee was at Rs 62.09, down 32 paise or 0.52 per cent, against its previous close.
Today Stock market gainers and lossers Reliance Infrastructure, UltraTech, GAIL, HCL Techand Ambuja Cement were among the index gainers,DLF, Punjab National Bank, Bank of Baroda, IndusInd Bank and Jaiprakash Associate among the losers.
In International Market Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 1.67% and the Shanghai Composite rose 0.29%. The Nikkei 225 lost 0.16%,European markets are mixed today. The CAC 40 is up 0.09% while the DAX gains 0.05%. The FTSE 100 is off 0.09%.