INSUBCONTINENT EXCLUSIVE:
Auto index shed 115 points or 0.4% at 17,810 and the BSE Bankex weakened by 275 points or 0.7 per cent at 36,147
In the auto space, Tata Motors lost 1.9% at Rs 166, Hero Motocorp lost 1.7% at Rs 2,396, M-M weakened by 0.3% at Rs 524 and Maruti Suzuki
In the banking space, SBI weakened by 1.6% at Rs 336, Axis Bank lost 1.3 per cent at Rs 729, ICICI Bank shed by 0.2 per cent at Rs 528 and
0.2 per cent to settle at 12,018.The meeting of the six-member Monetary Policy Committee led by Governor Shaktikanta Das came amid deepening
concerns about growth, financial stability and weak public finances.India's GDP or gross domestic product expanded 4.5 per cent in the
July-September period, marking the slowest pace of growth in six and a half years
Moreover, the headline inflation has crossed the RBI's 4 per cent medium-term target for the first time in more than a year, driven by a
Meanwhile, the government has maintained that the fundamentals of the economy remain strong, although many financial institutions have
lowered their growth forecasts amid a broad-based slowdown.
