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Sensex slips 150 pts from day's high after RBI holds repo rate at 5.15%

As many as 21 stocks in the Sensex pack were trading in the red after the outcome.

ETMarkets.com|
Dec 05, 2019, 12.11 PM IST
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The apex bank kept interest rates unchanged at 5.15 per cent and also maintained an accommodative stance.

Benchmark equity index BSE Sensex lost more than 150 points from day’s high after the RBI’s Monetary Policy Committee (MPC) maintained status quo in its bi-monthly monetary policy review on Thursday.

The apex bank kept interest rates unchanged at 5.15 per cent and also maintained an accommodative stance.

The 30-share Sensex was trading 85 points down at 40764.84 at around 11.50 am (IST) against its intraday high level of 41,002.

The central bank also cut GDP growth forecast for the current financial year to 5 per cent from 6.1 per cent earlier.

“Various high-frequency indicators suggest that domestic and external demand conditions have remained weak. Based on the early results, the business expectations index of the Reserve Bank’s industrial outlook survey indicates a marginal pickup in business sentiments in Q4,” RBI said in a release.

As many as 21 stocks in the Sensex pack were trading in the red after the outcome with Sun Pharma falling the most 1.95 per cent. It was followed by Bharti Airtel (down 1.87 per cent), YES Bank (down 1.51 per cent), Tata Steel (down 1.45 per cent) and Tata Motors (down 1.36 per cent).

On the other hand, TCS, Tech Mahindra, ITC, Reliance Industries and ICICI Bank were up between 0.70 per cent and 1.20 per cent.

Sectorwise, BSE Metal, Telecom, Healthcare and Power indices dropped up to 1.50 per cent.

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