Volatility market trading in the capital market on tuesday with sensex plunging 167 points intra day as banking regulator rbi raised repo rate by 25 basis points to 8%. repo rate is the rate at which rbi lends money to commercial banks.
Sensex opened on a flat note at 20721 against the previous close of 20707. It hit a day's high of 20795 and low of 20554. The benchmark index closed with a loss of 24 points at 20684.
The turnover on the bse was higher at rs 2438 crore on monday, as per provisional data from the stock exchanges.
Shrugging of rbi hiking its lending rates, realty stocks gained in highly volatile trade. maruti tumbled 8% to Rs 1563 as the company said it will implement the expansion project in gujarat through a 100% in the 3rd qtr even as its income fell to rs 11011 cr .
Shares of steel companies and iron ore miners were up as the government imposed 5% duty on the export of iron ore pellets.
Major gainers were HDIL (6%), Apollo tyre (6%), FRL(4%), IPCA(4%),Glenmark(4%),Tata steel(3%) and Bajaj finance(3%).
Prominent losers were maruti (-8%), IRB(-5%), Suzlon(-5%), Idea(-4%), Shriram city(-4%),Piramal ent(-4%), Coromandel intl(-5%) and UPL(-4%).
Sensex opened on a flat note at 20721 against the previous close of 20707. It hit a day's high of 20795 and low of 20554. The benchmark index closed with a loss of 24 points at 20684.
The turnover on the bse was higher at rs 2438 crore on monday, as per provisional data from the stock exchanges.
Shrugging of rbi hiking its lending rates, realty stocks gained in highly volatile trade. maruti tumbled 8% to Rs 1563 as the company said it will implement the expansion project in gujarat through a 100% in the 3rd qtr even as its income fell to rs 11011 cr .
Shares of steel companies and iron ore miners were up as the government imposed 5% duty on the export of iron ore pellets.
Major gainers were HDIL (6%), Apollo tyre (6%), FRL(4%), IPCA(4%),Glenmark(4%),Tata steel(3%) and Bajaj finance(3%).
Prominent losers were maruti (-8%), IRB(-5%), Suzlon(-5%), Idea(-4%), Shriram city(-4%),Piramal ent(-4%), Coromandel intl(-5%) and UPL(-4%).
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