The Equity benchmark fell 1.52% weighed down interest rate sensitive and Commodity stocks. The all global in currencies and equity market is intraday selling pressure in Indian market.
The Sensex is down 303.07 points or 1.43% at 20830.49, it was touch a high levels of 20899.03 and touch a low levels of 20787.25.
The nifty is down 93.35 points or 1.49% at 6173.40, it was touch a high levels of 6188.55 and touch a low of at 6162.90.
Nifty top losers:- Ranbaxy was down 5.75%, JP Associate 4.93%, Tata motors 4.89%, Indusindbk 4.87%, Maruti 3.83%, ICICI bank 3.70%, IDFC 3.67%, DLF 3.63%, PNB 3.40%, Bank of baroda 3.331%.
Nifty top gainers:- Sun Pharma 1.12%, HCL tech 0.53%.
With inflation easing in December 2013 and consumer demand remaining weak despite the uptick in the farm sector, Naresh Takkar, MD & CEO of ICRA expects the Reserve Bank of India (RBI) to retain the Repo rate in the third quarter review of monetary policy.