RBI’s Credit policy was announced after the market down|Sensex down 550 pts| Stock market trading

RBI’s Credit policy rbiwas announced after the market down more the Sensex 550 points and the nifty below 6000 in Afternoon on Friday.

1:25 Pm The Sensex down 430 points at 20,220.22 and The nifty 129 points down at 5985.
MSF RBI rate cut to 0.75 per cent. However, the repo rate has been increased to 0.25 per cent while the markets were disappointed.

International market up and down and the Rupee under pressure on the domestic market saw, the Rupee against dollars had dropped down to the 62.16 levels.

1:30 PM The Sensex down 427.75 points or 2.07% at 20218.89 and the nifty is down 138.95 points or 2.27% at 5976.60.

The S&P BSE FMCG, Bankex, Auto index, Metals, Oil & gas index down while IT, Health care up.