Stock Market observed volatility on the day of RBI’s credit policy. The 0.25 percent reduction in interest rates by the RBI has disappointed the market. The Nifty slips below 10100, while the Sensex has come down to 32500. In today’s trading, the Nifty have touch record high of 10137.85, while the Sensex also reached record high of 32686.48.
Even mid-caps and small cap stocks have seen a sell-off. BSE’s mid-caps index closed 0.3 percent lower, while the mid-cap index of the Nifty 100 index closed flat. BSE’s small cap index closed 0.1 percent with a weakness.
FMCG, IT, banking, auto, pharma and capital goods stocks have seen the highest turnover. Nifty’s FMCG Index has declined 1 percent, IT index 0.7 percent, Auto index 0.3 percent and Pharma index 0.7 percent. BSE’s Capital Goods index closed 0.8 percent lower.
The BSE 30-share index Sensex closed at a level of 32,477, down 98 points, or 0.3 percent. NSE’s 50-share index Nifty closed 33 points i.e. 0.3 percent down at 10,081.5. Bank Nifty closed at 25,055 level with a weakness of 0.25 percent.