Market At Close | Sensex down 1,307 pts, Nifty gives up 16,700
Here are some highlights:
–RBI’s out-of-turn rate hike drags market
–CRR hike along with repo rate hike puts pressure on market
–Financial stocks see sharp fall following 40 bps rate hike announcement
–Barring Kotak Mahindra Bank, Federal Bank, all Nifty Bank constituents in the red
–HDFC Bank, ICICI Bank, Axis Bank, SBI, IndusInd top banking losers
–Britannia up three percent but off day’s high on better-than-expected financial results
–ONGC top Nifty gainer as crude oil rate rises over three percent
–Commodity stocks remain weak on falling global prices, Hindalco down five percent
–Most midcap stocks down; Alembic, Voltas, Shriram Transport Finance top losers
–Market breadth favours bears, advance-decline ratio at 1:5
Read More: Stock Market Highlights: Sensex sheds 1,307 pts, Nifty50 sinks below 16,700 as RBI shocks
