The reverse repo rate, or the interest that the RBI pays to commercial banks when they park their surplus short-term funds with the central bank, has been adjusted to 6.75 percent. Good buying was observed in consumer durables and oil and gas sectors. Heavy selling pressure was seen in banking and healthcare sectors.
The 30-scrip Sensitive Index, BSE Sensex, which opened at 29,217.40 points, was trading at 28,951.61 points (at 11.58 a.m.) in the pre-noon session, down 170.66 points or 0.59 percent from the previous day’s close at 29,122.27 points. The BSE Sensex has touched a high of 29,253.06 points and a low of 28,935.39 points in the trade so far.
The S&P consumer durables index surged by 124.30 points and oil and gas index moved up by 127.77 points. However, bankex plunged by 458.43 points and healthcare index dropped by 109.21 points. The wider 50-scrip Nifty of the National Stock Exchange (NSE) also was trading 56.30 points or 0.64 percent down at 8,741.10 points. (IANS)