SENSEX DECLINED ; AXIS BANK, ICICI BANK DIP 2%

Equity benchmarks are volatile ahead of RBI monetary policy The market continued to see selling pressure in afternoon trade led by banking & financials, auto, FMCG and pharma stocks. The Sensex declined 191.31 points to 28313.15 and the Nifty fell 62 points to 8597.90.

The market continued to see selling pressure in afternoon trade led by banking & financials, auto, FMCG and pharma stocks. The Sensex declined 191.31 points to 28313.15 and the Nifty fell 62 points to 8597.90.

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The rupee has shed 12 paise at 62.31 against the US dollar today at the Interbank Foreign Exchange due to appreciation of dollar overseas.

Financials and auto stocks have declined across the exchange post the RBI monetary policy. Tata Motors, Hero Motocorp, Axis Bank, ICICI Bank, Maruti Suzuki and HDFC Bank are trading lower up to 2%.

State-run NTPC is looking at bringing its coal import bill to 'zero' in the next five years and will rely on the fossil fuel made available by Coal India and the company's own mines. The stock is up 1.7%.

Bajaj Auto which lost sheen on yesterday’s trade on reporting a 22 per cent fall in motorcycle sales at 2,09,937 units in March has bounced back in today’s trade and is trading high up to 3%.

Metal stocks are gaining sheen in today’s trade. Sesa Sterlite, Tata Steel and Hindalco are trading high up to 1.5%.

Larsen & Toubro (L&T) today said its construction arm has bagged orders worth Rs 5,492 crore across various segments in March. The stock is up 0.7%.

The overall breadth of the BSE midcap remains positive as 1,245 stocks are advancing while 1,183 stocks are declining.
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