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AUTO REFRESH
Mar 27, 2020 03:37 PM IST | Source: Moneycontrol.com

Closing Bell: Sensex ends 130 pts lower despite rate cut, Nifty hold 8,600; Nifty Bank up nearly 2%

Among the sectors, Bank Nifty gained 2 percent while auto, FMCG and IT stocks dragged.

  • March 27, 2020 04:23 PM IST

    Vinod Nair, Head of Research at Geojit Financial Services:

    Indices ended almost flat following the RBI measures to lessen the burden on borrowers and to increase liquidity in the system. Now since the 2 expected events are out of the way, focus comes back on the spread of the virus and its damage on the already reeling economy.

  • March 27, 2020 04:21 PM IST

    Rohit Singre, Senior Technical Analyst at LKP Securities:

    For coming week index has support near 8500-8400 zone if managed to hold above said levels can see some stability otherwise we may see more drag down in index and resistance is coming near 8900-9000 zone.

  • March 27, 2020 04:01 PM IST
  • March 27, 2020 03:34 PM IST

    Market Close: Benchmark indices ended with little change on March 27 after RBI announced some measures including repo and reverse repo rate cut.

    At close, the Sensex was down 131.18 points or 0.44% at 29815.59, and the Nifty was up 18.80 points or 0.22% at 8660.25. About 1131 shares have advanced, 1138 shares declined, and 166 shares are unchanged.

    Coal India, Axis Bank, ITC, NTPC and Cipla were among major gainers on the Nifty, while losers were Hero MotoCorp, Bajaj Finance, IndusInd Bank, GAIL and Maruti Suzuki.

    Among sectors, except auto, energy and infra all other indices ended higher. BSE Midcap index ended lower, while Smallcap index closed marginally higher.

  • March 27, 2020 03:26 PM IST

    Jateen Trivedi, Senior Research Analyst (Commodity & Currency) at LKP Securities:

    Rupee opened strong as measures from RBI were anticipated. In the morning start of trading strength escalated till 74.35, but soon after the measures were announced rupee gave away all its gains as RBI decided to defer some key term loan hence slowdown impact on our currency gives negative outlook. Hence weakness of Rupee continued beyond 75 showing a very sharp fall in currency. Going ahead the level of 74 will keep holding hurdle for Rupee.

  • March 27, 2020 03:22 PM IST

    Naveen Kulkarni, Chief Investment Officer, Axis Securities: 

    Expectations from RBI were riding very high on rate cut, moratorium and liquidity measures. RBI has delivered on every count. This will provide significant support to the market and economy.

  • March 27, 2020 03:18 PM IST

    Vijay Chandok, MD & CEO, ICICI Securities:

    We expect sharp reduction in economic activity at least in Q1FY21. Consequently, full year GDP growth for FY21 could also be significantly lower. The market will however still expect newer triggers to boost the sentiment further.

  • March 27, 2020 03:10 PM IST

    Gold Updates: Gold fell on Friday as investors booked profits, but was set for its best week since December 2008 as record high U.S. jobless claims due to the coronavirus fuelled hopes for more stimulus to stem the economic damage caused by the pandemic.

  • March 27, 2020 03:04 PM IST

    European markets trading 2-3 percent lower:

      European markets trading 2-3 percent lower:
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