INSUBCONTINENT EXCLUSIVE:
Domestic stock markets started Friday's session on a lacklustre note amid weakness in Asian peers, after a four-day rally in which benchmark
indices climbed 4 per cent
The S-P BSE Sensex index fell as much as 65.82 points to hit 41,240.21 on the downside in early trade, and the broader NSE Nifty benchmark
slid to as low as 12,103.20, down 34.75 points from the previous close
the Sensex traded 44.60 points - or 0.11 per cent - lower at 41,261.43 while the Nifty was down 6.10 points - or 0.05 per cent - at
MotoCorp, NTPC, Zee Entertainment, Yes Bank and Wipro - up between 0.96 per cent and 3.23 per cent - were the top Nifty gainers.Reliance
on the BSE trading higher and 388 moving lower in the first few minutes of trade
from the coronavirus outbreak put a lid on the week's sharp rally.MCCI's broadest index of Asia Pacific shares outside Japan was last seen
per cent - in four consecutive sessions.The Reserve Bank of India (RBI) kept the repo rate - the key interest rate at which it lends
short-term funds to commercial banks - unchanged at 5.15 per cent and maintained an "accommodative" stance of policy
economy showing signs of stagflation amid high food prices.Last year, the RBI lowered the key lending rates in five out of six bi-monthly
reviews, reducing the repo rate by a total 135 basis points (1.35 percentage point).
