Wednesday, 4 April 2018


MidCap and SmallCap declined 0.92% and 1.01%, respectively. All the sectoral indices ended lower with metal, consumer durables and basic materials shedding most at over 2%. Tata Motors, Hindustan Unilever, Adani Ports and Hero MotoCorp were top gainers, whereas Tata Steel, Axis Bank, L&T and NTPC were among the major losers. the Reserve Bank of India kicked off its two-day policy meeting. According to the poll, the central bank will keep interest rates unchanged in the first monetary policy review of the current fiscal year, amid a gradual recovery in growth and easing inflation. Eicher Motors Ltd shares jumped 3.34% to Rs28,990. JSW Steel Ltd shares rose 1.06% to Rs305. ICICI Bank Ltd shares fell 1.1% to Rs266. Jet Airways India Ltd shares rose 1.4% to Rs 622. Sensex plunged at the closing trade on escalating trade war worries as China hit back at the Trump
administration's plan to slap tariffs on $50 billion in Chinese goods, retaliating with a list of similar duties on key US imports including soyabeans, planes, cars, whiskey and chemicals.Investors also turned jittery ahead of the Reserve Bank of India's monetary policy announcement on Thursday. The RBI is likely to hold the policy repo rate in its first bi-monthly monetary policy review for FY2019 on April 5.


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