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Benchmark indices ended lower but off day's low after Reserve Bank of India (RBI) slashed repo rate by 25 bps to 6 percent on April 4 as expected and kept the stance unchanged to Neutral.
At the close, the Sensex was down 192.40 points at 38,684.72, while Nifty was down 46 points at 11,598. About 1073 shares have advanced, 1426 shares declined, and 164 shares are unchanged.
Top losers include TCS, HCL Tech, Hindalco Industries, BPCL and Yes Bank, while gainers were Indiabulls Housing, Zee Entertainment, Tata Motors, UltraTech Cement and Britannia Industries.
On the sectoral front, except auto, FMCG and pharma, all other indices ended in red led by IT, bank and energy.
HEADLINES OF THE DAY
SRF touches 52-week high: Share price of SRF rose more than 3 percent after company informed about resumption of operations at its Gujarat plant at the earliest.
GRUH Finance has receives observation letters from stock exchanges for amalgamation of the company into and with the Bandhan Bank.
RBI Monetary Policy Committee has cut repo rate by 25 bps to 6 percent. The committee has kept the stance unchanged at neutral.
The crucial resistance for Nifty spot is now seen at 10720 and above this 10920 Support for the immediate term is now placed at 10480 next support will be 10370.
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