Sensex falls over 205 points on RBI hawkish stance

Sensex falls over 205 points on RBI hawkish stance

This is also the benchmark's highest closing since November 30, when it had finished at 33149.35.

The BSE Sensex closed at 32,949.21 points - up 352.03 points or 1.08 per cent - from its previous close.

The six-member Monetary Policy Committee (MPC), headed by Reserve Bank of India Governor Urjit Patel, in its bi-monthly monetary policy review kept repo rate unchanged at 6 percent and reverse repo at 5.75 percent. This is its biggest single-day jump of the index since May 25, when it had gained 149.20 points.

On Wednesday, the key indices were dragged lower by interest-rate sensitive stocks like banking, metals and capital goods.

Among the Sensex constituents, telecom giant Bharti Airtel secured podium finish, ratcheting up 6.08%.

Dee Gordon heading to Mariners in trade with Marlins
He's under contract through 2020, earning $10.5 million this coming season, $13 million in 2019, and $13.5 million in 2020. He promptly tested positive for performance-enhancing drugs in late April, and served an 80-game suspension.

Other losers included Tata Steel, NTPC, Dr Reddy's, ONGC, Power Grid, Bajaj Auto, L&T, M&M, Asian Paints, HDFC Bank, HUL, Lupin, Coal India, ITC, Tata Motors, Axis Bank, Maruti Suzuki and Infosys, falling by up to 1.71 per cent.

All sectoral indices on the NSE were trading in the green.

Overseas, the Asian markets saw the shares of most of the companies decline, since investors across the globe have an eye on the final tax legislation in the United States, where policy uncertainty kept sentiment in check.

Indian shares rose notably on Friday, mirroring firm cues from global markets as China's November exports and imports blew past market expectations and optimism prevailed over the progress of USA tax reform.

Japan's Nikkei led the way as the yen eased on the dollar, rising 1.1 per cent on top of Thursday's 1.45 per cent bounce to be nearly back where it started the week. London's Financial Times Stock Exchange too was up 0.24%.

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