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December 05, 2019 / 03:36 PM IST

Closing Bell: Nifty Bank falls close to 1% after RBI maintains status quo

The Sensex was down 70.70 points at 40,779.59, while Nifty was down 24.80 points at 12,018.40.

  • IndexPricesChangeChange%
    Sensex59,464.62-634.20 -1.06%
    Nifty 5017,757.00-181.40 -1.01%
    Nifty Bank37,850.85-190.50 -0.50%
    Nifty 50 17,757.00 -181.40 (-1.01%)
    Thu, Jan 20, 2022
    Biggest GainerPricesChangeChange%
    Power Grid Corp214.6510.00 +4.89%
    Biggest LoserPricesChangeChange%
    Bajaj Finserv17,258.95-818.35 -4.53%
    Best SectorPricesChangeChange%
    Nifty Metal5831.1530.05 +0.52%
    Worst SectorPricesChangeChange%
    Nifty Pharma13454.90-227.80 -1.66%

  • December 05, 2019 / 05:06 PM IST

    Rupee Closing

    The Indian rupee ended at 71.28 a dollar today, higher by 25 paise compared to Wednesday's close of 71.53 a dollar.

    The currency ended at highest level against dollar since November 7.

  • December 05, 2019 / 04:36 PM IST

    Allcargo Logistics to buy 1.04 crore shares from promoter of Gati at Rs 75 per share.

  • December 05, 2019 / 04:30 PM IST

    Moody's cut Yes Bank's long term foreign currency issuer rating to B2 and assigns negative outlook, reported CBBC-TV18.

  • December 05, 2019 / 04:29 PM IST

    Ajit Mishra, VP - Research, Religare Broking:

    We expect consolidation to extend further in the benchmark thus traders should continue with the stock-specific trading approach. We suggest preferring index majors and keeping positions on both sides. Also, maintaining a close watch on global markets for cues.

  • December 05, 2019 / 04:19 PM IST

    Brickwork Rating assigned BWR BB+/ stable rating to fund based facility of Rs 60.73 crore and assigned BWR A4+ rating to non-fund based facility of Rs 204.59 crore.

  • December 05, 2019 / 04:14 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    A precautionary pause due to high food inflation and tepid pace in transmission of previous rate cuts prompted RBI to have more vigil on inflationary trajectory. Further cut in economic growth forecast to 5% for FY20 seems to be more realistic, expecting more intervention from government to revive consumption and investments activity. While silver lining such as rise in government expenditure and expansion in service PMI data provide support to the sentiment.

  • December 05, 2019 / 04:08 PM IST

    Rajnish Kumar, Chairman, SBI and IBA 

    The RBI decision for a status quo though an unanticipated policy surprise is the most appropriate as monetary policy works with a lag.  The lowering of the GDP growth for FY20 and FY21 reflects continued growth conundrums and a slow recovery. On the development and regulatory front, the steps announced for the Primary (Urban) Co-operative Banks will facilitate increased public confidence in these institutions. Today’s policy announcements have also given further push for the development of the secondary market for corporate loans by creation of SRB thereby matching the global best practices in this regard. Decision to allow OTC currency derivative transactions upto USD 10 million without evidence of underlying exposure will provide a fresh breath of life to this market giving it much required depth going forward.

  • December 05, 2019 / 03:34 PM IST

    Market Close: Benchmark indices witnessed volatile session and ended lower on December 5 after Reserve Bank of India (RBI) kept its repo rate unchanged at 5.15 percent with accommodative stance.

    At close, the Sensex was down 70.70 points at 40,779.59, while Nifty was down 24.80 points at 12,018.40. About 1111 shares have advanced, 1339 shares declined, and 188 shares are unchanged. 

    Zee Entertainment, TCS, ITC, L&T and Britannia Industries were among major gainers on the Nifty, while losers were JSW Steel, Coal India, Bharti Airtel, IndusInd Bank and Tata Steel.
    Among sectors, except IT and FMCG all other indices ended in the red led by the metal, bank, pharma, auto and energy.

  • December 05, 2019 / 03:23 PM IST

    Crude Update: Oil prices edged lower before the start of OPEC talks in Vienna later on Thursday, erasing some of the sharp gains made in the previous session on anticipation that producers will expand output cuts and after a sharp drop in US crude inventories.

  • December 05, 2019 / 03:20 PM IST

    Dhunseri Investments locked in 20% upper circuit: Shares of Dhunseri Investments, the holding company of group, were locked in 20 percent upper circuit on December 5 after company reported strong earnings in September quarter.

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