First Trade: Sensex falls 236 points, Nifty below 24,500 at open; Kotak Bank, SBI top losers

First Trade: Sensex falls 236 points, Nifty below 24,500 at open; Kotak Bank, SBI top losers

Market Opening Bell: Indian benchmark indices opened in the red on Wednesday, tracking a cautious undertone in domestic markets despite supportive global cues. At open, the BSE Sensex fell 236.16 points or 0.29 per cent to 80,307.83, while the Nifty50 declined 77.75 points or 0.32 per cent, slipping below the 24,500-mark to 24,496.45. Market breadth was…

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RBI Monetary Policy: Real estate and bank stocks slide, autos drag as rates hold steady

RBI Monetary Policy: Real estate and bank stocks slide, autos drag as rates hold steady

Indian stock markets swung between gains and losses on Wednesday as investors reacted to the Reserve Bank of India’s decision to keep interest rates unchanged. The cautious tone from policymakers weighed on rate-sensitive pockets, with realty, auto, and consumer stocks pulling the indices lower through the session. The Monetary Policy Committee (MPC) kept the repo…

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Sensex ends 308 pts lower, Nifty slumps to 24,650 dragged by financial, energy shares

Sensex ends 308 pts lower, Nifty slumps to 24,650 dragged by financial, energy shares

Domestic equity benchmarks fell on Tuesday amid selling pressure in energy, financial and IT shares, though gains in auto stocks lent some support. Investors awaited more corporate earnings and the outcome of the RBI’s bi-monthly policy, due the next day, for domestic cues.   The Sensex fell 308.5 points, or 0.4 per cent, to end at 80,710.3 while…

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