Interest rate hike fears keep markets on edge (Lead)
May 2nd, 2011 - 2:00 pm ICT by IANS
Mumbai, May 2 (IANS) There was nervousness among traders at Indian equities markets Monday ahead of the monetary policy review by the Reserve Bank of India (RBI) May 3. A benchmark index continued to trade tepid around noon. Broader indices too in the red.
The 30-scrip sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened at 19,224.05 points, was ruling at 19,094.46 points, down 41.5 points or 0.22 percent from its previous close at 19,135.96 points.
The 50-scrip S&P; CNX Nifty of the National Stock Exchange was also trading lacklustre at 5,732 points, down 0.3 percent.
Broader markets were ruling in the red as well with the BSE midcap index down 0.47 percent and the BSE small cap index down 0.44 percent.
Banking, PSU and metals stocks were in the red, while realty stocks were among top gainers.
The view largely among analysts is that the Reserve Bank of India will go in for another round of tightening given the high inflation. It has already hiked key interest rates eight times in a little over a year.
The market breadth was negative with 1,059 stocks advancing, 1,458 on the decline and 101 remaining unchanged.
There was not much action on the Asian markets with some major bourses closed.
The Japanese Nikkei was ruling 1.57 percent up at 10,004.2 points.
Chinese and Hong Kong stock exchanges were closed on account of a holiday.
- Sensex closes 137 points lower amid rate hike fears (Roundup) - May 02, 2011
- Sensex closes 155 points lower (Second Lead) - May 02, 2011
- Sensex ruling in green; realty, consumer durables gain - Mar 06, 2012
- Sensex closes 156 points lower ahead of monetary policy review (Roundup) - Apr 29, 2011
- Sensex in red, energy banking scrips under pressure - Jan 16, 2012
- Sensex slips into red amid mixed Asian cues (Lead) - May 17, 2011
- RIL soars but fails to enthuse Sensex (Roundup) - Jan 18, 2012
- Profit booking continues at Indian markets - Feb 23, 2012
- Sensex closes 160 points lower (Second Lead) - Apr 29, 2011
- Sensex nose-dives 326 points in afternoon (Lead) - Jan 13, 2011
- Sensex in red, realty, banking under selling - Mar 26, 2012
- Rate hike fears weigh Sensex, broader markets lacklustre - Jul 25, 2011
- Sensex falls 146 points, realty, metal stocks slump - Dec 28, 2011
- Indian equities markets dull amid negative Asian cues - Apr 19, 2011
- Sensex falls 100 points on weak Asian cues - Apr 04, 2012
Tags: asian markets, bank of india, benchmark index, bombay stock exchange, cap index, eight times, hike fears, hong kong stock, interest rate hike, lacklustre, major bourses, market breadth, midcap index, national stock exchange, realty stocks, reserve bank of india, sensex, sensitive index, stock exchanges, top gainers