Sensex falls as RBI leaves repo rate unchanged

December 05, 2019 12:27

Equity benchmark BSE Sensex dropped over 100 points in afternoon session on Thursday, after the the Reserve Bank of India kept the key policy rate unchanged at 5.15 per cent and decided to continue with its accommodative stance to support the economy.

In the fifth bi-monthly review of the policy, the central bank also revised GDP growth downwards to 5 per cent for 2019-20 from 6.1 per cent projected in its October policy.

After opening higher by 84.17 points at 40,934.46 in opening deals, the 30-share index pared all gains to turn negative after the policy announcement by the Reserve Bank of India.

It was trading 100.56 points, lower at 40,749.73 at 1149 hours. Similar movement was seen on the NSE and the broader NSE Nifty was trading 11.25 points, or 0.09 per cent, down at 12,031.95 at 1212 hrs. Top losers in the Sensex pack included Sun Pharma, Yes Bank, Bharti Airtel, Tata Steel, Tata Motors, IndusInd Bank shedding up to 2 per cent. -- PTI

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