INSUBCONTINENT EXCLUSIVE:
Seven of 11 sector gauges compiled by National Stock Exchange ended lower.The S-P BSE Sensex and NSE Nifty 50 indexes fell on Thursday after
the world's most aggressive central bank - Reserve Bank of India - surprised analysts and economists by pausing to cut repo rate at its
December monetary policy review
The benchmarks extended declines paced by losses in rate sensitive banking, auto and financial services shares
The Sensex fell as much as much as 282 points from day's highest level and the Nifty 50 index touched an intraday low of 11,999.The Sensex
ended 71 points or 0.2 per cent lower at 40,780 and Nifty 50 index declined 25 points or 0.2 per cent to settle at 12,018.The Reserve Bank
of India (RBI) kept its key lending rate unchanged in a shock decision on Thursday and sharply revised its forecast for the economy to
project the weakest growth in seven years
The RBI's monetary policy committee led by its Governor Shaktikanta Das voted to hold the repo rate at 5.15 per cent.Seven of 11 sector
gauges compiled by National Stock Exchange ended lower led by the Nifty Metal index's over 2 per cent fall
Nifty PSU Bank, Nifty Bank, Nifty Auto, Nifty Pharma and Nifty Private Bank indexes also fell between 0.7-1.8 per cent each.On the other
hand, Nifty Media index was top gainer, up 2.95 per cent.JSW Steel was top loser in the Nifty 50 basket of shares, the stock fell 3.5 per
Coal India, Bharti Airtel, Tata Steel, IndusInd Bank, Bharat Petroleum, Grasim Industries, Tata Motors and Hero MotoCorp were also among the
losers.On the flipside, Zee Entertainment was top gainer, up 6.2 per cent to close at Rs 299
TCS, ITC, Larsen - Toubro, Britannia Industries, Infosys and Wipro were also among the gainers.The overall market breadth was negative as
1,349 shares ended lower while 1,131 closed highe ron the BSE.
