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 Sensex gets the blues before RBI meet, tanks 247 points

Sensex gets the blues before RBI meet, tanks 247 points

A day ahead of Reserve Bank monetary policy meet, Indian shares on Monday hit over two-week lows in late sell-off with the benchmark BSE Sensex tumbling 247 points and the NSE Nifty slipping below the 7,800-mark amid weakness in European markets and mixed Asian cues.

RBI meets select bankers ahead of policy

The Reserve Bank on Tuesday met a select group of public sector and foreign banks ahead of the forthcoming bi-monthly policy meet early next week.

Nifty down 19 points as market awaits RBI policy meet outcome

The 50-share NSE benchmark Nifty hovered between a high of 6,174.75 and a low of 6,125.95 before ending at 6,144.90, a loss of 19.45 points, or 0.32 percent, over its last close.

Sensex down 42 points to over 1-week low ahead of RBI policy meet

The 50-share National Stock Exchange index Nifty edged down by 19.45 points, or 0.32 percent, to 6,144.90. It had touched a high of 6,174.75 intra-day.

RBI hints at another CRR cut as liquidity remains tight

RBI Deputy Governor Subir Gokarn Tuesday said the apex bank will "consider" a further cut in the cash reserve ratio (CRR) if the systemic liquidity conditions continue to be tight.