4 May 2022 , 05:21 PM
Reserve Bank of India (RBI) raised the repo rate by 40 basis points (bps) to 4.40 per cent in an off-cycle meeting today. Repo rate is the rate at which a central bank lends money to banks.
The 30-share BSE Sensex tanked 1,307 or 2.29 per cent to close at 55,669, while the broader NSE Nifty crashed 392 points or 2.29 per cent at 16,678. Broader markets moved largely in tandem with the main indices as Nifty MidCap and Nifty SmallCap fell 2.1% and 2.4% respectively.
All sectoral indices ended in red. Nifty Media was the biggest laggard which plummeted 4.3%, followed by Nifty Reality and Nifty Metal which were down ~3.2% each.
The overall market breadth on BSE stood negative as 864 shares were advancing while 2,508 were declining.
Bajaj Finserv, Bajaj Finance, Titan, IndusInd Bank, HDFC Bank, Reliance Industries, Asian Paints, Maruti, Dr Reddy's and Axis Bank were among the top laggards. On the flip side, PowerGrid, NTPC, and Kotak Mahindra Bank were trading in the green.
Meanwhile, LIC's initial share sale witnessed strong participation from policyholders and retail investors. The IPO is subscribed by 57 per cent on the first day of bidding.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.