Stocks plunge despite RBI rate cut, financials under pressure

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The BSE Sensex and the NSE Nifty50 settled sharply lower, posting their biggest one-day fall in 2019 after the Reserve Bank of India announced an expected 25 basis points repo rate cut. With a rate cut already priced in, the Street was expecting more specific measures to improve liquidity in the financial sector.

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The Sensex and Nifty continued their winning streak for the fourth straight session on hectic buying in L&T, RIL and NTPC stocks despite escalating trade. World stocks came under pressure as new.

Meanwhile, Asian stocks fell as investors were wary of an aggressive interest rate cut by the US Federal Reserve and heightened tensions in the Middle East after Iran’s seizure of a British tanker lifted crude oil prices. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.4 per cent while the Nikkei fell 0.3 per cent.

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Though the Reserve Bank of India. RBI Cautious Despite Pressure for rate cuts: report.. cut interest rates in response to the global financial crisis to 4.75 per cent by April 2009, from 9.

Stocks plunge despite RBI rate cut, financials under pressure Mumbai (Maharashtra) [India], June 6 (ANI): Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of india (rbi) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy meet of.

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Stocks plunge despite RBI rate cut, financials under pressure – Mumbai , June 6 : Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the.

Stocks plunge despite RBI rate cut, financials under pressure – Mumbai (Maharashtra) [India], June 6 (ANI): Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo rate by 25 basis points to 5.75 per cent in its second bi-monthly monetary policy.

Stocks plunge despite RBI rate cut, financials under pressure Equity benchmark indices were dragged down by financial stocks in afternoon trade on Thursday even though the Reserve Bank of India (RBI) reduced repo.

The Ultimate Truth about Housing Affordability SPRINGFIELD – Lack of affordable. It’s a truth the two said they each experienced before being elected. Each has a background in social service work. Hunter was a community organizer who grew up in.