<p>Mumbai: Equity benchmark indices tanked in late morning trade on Thursday pulled down by bank stocks, after the <a href="https://www.deccanherald.com/business/economy/repo-rate-unchanged-rbi-maintains-status-quo-2885600">Reserve Bank of India's monetary policy decision</a>.</p><p>Erasing all its early gains, the 30-share BSE Sensex fell by 746.62 points to 71,405.38. The Nifty declined 220.95 points to 21,709.55.</p><p>The Reserve Bank of India on Thursday decided to keep the key policy rate unchanged for the sixth time in a row as it maintains a tight vigil on inflation.</p><p>Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das on Thursday said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.</p><p>Among the Sensex firms, Axis Bank, Nestle, ICICI Bank, ITC, Maruti, Kotak Mahindra Bank, Bajaj Finance and Asian Paints were the major laggards.</p>.Rupee trading on flat note after RBI monetary policy decision.<p>PowerGrid defied the broader market trend and jumped nearly 5 per cent after the company posted a 10.5 per cent rise in consolidated net profit to Rs 4,028.25 crore in the December quarter, mainly on the back of higher revenues.</p><p>State Bank of India, HCL Technologies and Tata Consultancy Services were the other gainers.</p><p>In Asian markets, Seoul, Tokyo and Shanghai were trading in the positive territory while Hong Kong quoted lower.</p><p>The US markets ended with gains on Wednesday.</p>.RBI keeps policy interest rates unchanged; FY 2024-25 inflation pegged at 4.5%, GDP growth at 7%.<p>Global oil benchmark Brent crude climbed 0.28 per cent to $79.43 per barrel.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,691.02 crore on Wednesday, according to exchange data.</p><p>The BSE benchmark declined 34.09 points or 0.05 per cent to settle at 72,152 on Wednesday. The Nifty ended marginally up by 1.10 points or 0.01 per cent to 21,930.50.</p>
<p>Mumbai: Equity benchmark indices tanked in late morning trade on Thursday pulled down by bank stocks, after the <a href="https://www.deccanherald.com/business/economy/repo-rate-unchanged-rbi-maintains-status-quo-2885600">Reserve Bank of India's monetary policy decision</a>.</p><p>Erasing all its early gains, the 30-share BSE Sensex fell by 746.62 points to 71,405.38. The Nifty declined 220.95 points to 21,709.55.</p><p>The Reserve Bank of India on Thursday decided to keep the key policy rate unchanged for the sixth time in a row as it maintains a tight vigil on inflation.</p><p>Announcing the bi-monthly monetary policy, RBI Governor Shaktikanta Das on Thursday said the Monetary Policy Committee (MPC) has decided to keep the repo rate unchanged at 6.5 per cent.</p><p>Among the Sensex firms, Axis Bank, Nestle, ICICI Bank, ITC, Maruti, Kotak Mahindra Bank, Bajaj Finance and Asian Paints were the major laggards.</p>.Rupee trading on flat note after RBI monetary policy decision.<p>PowerGrid defied the broader market trend and jumped nearly 5 per cent after the company posted a 10.5 per cent rise in consolidated net profit to Rs 4,028.25 crore in the December quarter, mainly on the back of higher revenues.</p><p>State Bank of India, HCL Technologies and Tata Consultancy Services were the other gainers.</p><p>In Asian markets, Seoul, Tokyo and Shanghai were trading in the positive territory while Hong Kong quoted lower.</p><p>The US markets ended with gains on Wednesday.</p>.RBI keeps policy interest rates unchanged; FY 2024-25 inflation pegged at 4.5%, GDP growth at 7%.<p>Global oil benchmark Brent crude climbed 0.28 per cent to $79.43 per barrel.</p><p>Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,691.02 crore on Wednesday, according to exchange data.</p><p>The BSE benchmark declined 34.09 points or 0.05 per cent to settle at 72,152 on Wednesday. The Nifty ended marginally up by 1.10 points or 0.01 per cent to 21,930.50.</p>