Monday 30 November 2015

Sensex, Nifty flat as RBI maintains status quo; Bharti down -- 1 Dec 2015

Tata Steel, Vedanta, Dr Reddy's Labs, Wipro and Coal India are top gainers while Bharti, Axis Bank, Infosys, Hero and Tata are losers in the Sensex.


                               
The market is still flat as the Reserve Bank of India (RBI) has maintained status quo in its monetary policy review. The Sensex is up 31.16 points at 26176.83 and the Nifty up 22.25 points at 7957.50. About 1399 shares have advanced, 839 shares declined, and 98 shares are unchanged. Tata Steel, Vedanta, Dr Reddy's Labs, Wipro and Coal India are top gainers while Bharti, Axis Bank, Infosys, Hero and Tata are losers in the Sensex. The RBI has kept benchmark repo rate unchanged at 6.75 percent, after lowering it by 50 basis points, or front-loading policy action in September. The RBI has cut repo rate four times (125 basis points) since January 2015. Current CRR and SLR stand at 4 percent and 21.5 percent respectively. Meanwhile, Maruti Suzuki's November sales missed analysts' expectations on Tuesday due to fall in mini cars segment. The country's largest car manufacturer said it has sold 1,20,824 vehicles in November, 9.7 percent over 1,10,147 vehicles sold in year-ago period, aided by passenger cars (especially compact cars).

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