Market reacts sharply
Andhra Pradesh ~ India ~ International ~ City ~ Entertainment ~ Business ~ Sports ~ Technology ~ Health ~ Features
Ratan Tata ~ Pranab Mukherjee ~ Forex Rates ~ Bullion Rates ~ RBI ~ SEBI ~ Stock Markets
Home / Business News / 2009 / October 2009 / October 27, 2009
Market reacts sharply to RBI policy
RSS / Print / Comments

Bombay Stock Exchange

Sharekhan launches Fortune Finder for stock market investors

Tata Consultancy Services and SUPERVALU Announce Strategic Partnership for Full Services

Sensex regains 19k level after 32 months

More on Bombay Stock Exchange

Reserve Bank of India

Manmohan Singh reviews financial inclusion efforts

RBI raises key rates to tame inflation

Reserve Bank of India raises repo rate by 25 bps, reverse repo by 50 bps

More on Reserve Bank of India

Top News

144 Section in Hyderabad ahead of Ayodhya verdict

Security beefed for Durga Puja festival in West Bengal

Palin warns of 'Armageddon', WW III if Iran obtains nuke weapons

Milla Jovovich on her career and family life

Google Inc. working with less known handset makers to target middle clas Indians

Arrest warrant issued against Rio Ferdinand's brother for skipping court date

Mercedes-Benz to come up with safer child seat soon

Blame your mom for your muffin top or thunder thighs

Market reacts sharply to RBI policy

: Markets on Tuesday plunged by more than 380 points, its biggest single day loss in over two months, on frantic selling sparked by the Reserve Banks (RBI) quarterly monetary policy review.


Mumbai, Oct 27 : Markets on Tuesday plunged by more than 380 points, its biggest single day loss in over two months, on frantic selling sparked by the Reserve Bank's (RBI) quarterly monetary policy review.

The investors and market analysts reacted sharply as the Sensex plunged.

"Last week the Bombay Stock Exchange Sensex collected more than 500 points which came down by 70 to 80 points yesterday. Today the sensex has again tumbled down by 100 points. I would not compare this situation to the one that was in March 2009, which was caused due to the crisis in confidence," said Sunil Shah, a market analyst.

While one of the investors, Vipin Joshi said that as the Gross Domestic Product (GDP) growth is not powerful, there wouldn't be any changes as such.

"The government is worried about the inflation at this point of time. The Gross Domestic Product (GDP) growth is not at all powerful, so there won't be changes as such. Further, I don't think there will be anything that will favour the banks after the meeting," said Vipin Joshi, an Investor.

The markets are eyeing on the monetary policy statement to be announced by the Reserve Bank of India. The statement to be issued by the RBI will further decide the course of the interest rates of the banks.

ANI

Link to this page

Suggested pages for your additional reading
AndhraNews.net on Facebook






© 2000-2017 AndhraNews.net. All Rights Reserved and are of their respective owners.
Disclaimer, Terms of Service & Privacy Policy | Contact Us