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Stock Market Update: After RBI Policy Announcement, Market Broke, Sensex, Nifty Closed Lower

Both the Sensex and the Nifty Closed in the red. In the Sensex there has been a drop of 294 points. Sensex rose 294.32 points, or 0.47 percent, to close at 62,848.64 points, Nifty closed at 18,634.55 points, down 91.85 points, or 0.49 percent.

Following the Rbi Policy Announcement, there has been disappointment in the stock market. The Reserve Bank has not changed the repo rate, after which a sell has been seen in the market. Both the Sensex and the Nifty closed in the red. In the Sensex there has been a drop of 294 points. Sensex closed at 62,848.64 points, up 294.32 points, or 0.47 percent, Nifty closed at 18,634.55 points, down 91.85 points, or 0.49 percent. In today’s market trading, the IT, Banking, Financial, Metals, Real Estate, Pharmaceutical and FMCG indices closed at the red mark on Nifty. At present there has been a weakness of 294 points in the Sensex and it has closed at the level of 62,848.64.

NIFTY Top Winners

NTPC shares in NSE Nifty rose 3.10%, JSWSTEEL 2.82%, ONGC 1.59%, POWEGRID 1.40%, LT 1.08%.

There was a breakout in these stocks on NIFTY

In NSE Nifty, GRASIM decreased 3.06%, KOTABANK 2.65%, SUNPHARMA 2.33%, TATACONSUM 2.07% and TECHM 2.04%.

Indian rupee gains marginally

The Indian rupee settled marginally at 82.57 to the dollar, a marginal increase of 0.02 paise from its previous close on the interbank foreign exchange market.



This post first appeared on Vutha, please read the originial post: here

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Stock Market Update: After RBI Policy Announcement, Market Broke, Sensex, Nifty Closed Lower

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