The News International Team
3:30 pm Market closing: The market ended lower dragged mostly by capital goods and FMCG stocks. The Sensex is down 208.59 points or 0.7 percent at 28261.08. The Nifty is down 63.75 points or 0.7 percent at 8570.90. About 770 shares have advanced, 2104 shares declined, and 168 shares are unchanged.
Only IT index ended in green. Wipro, Infosys, Coal India, Dr Reddy’s Labs and TCS are top gainers in the Sensex. Among the losers are NTPC, ICICI Bank, BHEL, M&M and GAIL.
3:15 pm RBI call: Amidst differences over regulation of money market between RBI and the government, the central bank today said there is a need to examine various related issues connected with issuance of public debt. “Concern was expressed by.. I think, the (RBI) Governor had told about it that the timing (of issuance of G-Secs) and all related issues need to be examined.
That’s the only thing. Ultimately, there are reflections, implications of both of these things on the monetary policy,” RBI Deputy Governor SS Mundra said. The differences relate to proposal in the Finance Bill 2015 which seeks to shift money market regulation from RBI to Sebi.
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The Sensex is down 222.50 points or 0.7 percent at 28247.17 and the Nifty is down 59.85 points or 0.7 percent at 8574.80. About 670 shares have advanced, 2052 shares declined, and 160 shares are unchanged.
Wipro, Infosys, Hindalco, HDFC and TCS are top gainers while NTPC, BHEL, GAIL, M&M and ICICI Bank are major losers.
After much controversy and procedural wrangles, the Mines and Minerals (Development and Regulation) Amendment Bill, 2015, was passed by the Rajya Sabha with all parties, barring Congress and the Left, supporting it.
JD-U members walked out before the voting saying they did not want to be part of the procedure. The Bill was passed by 117 members voting in favour and 69 against it, after Mines Minister Narendra Singh Tomar moved it for passage.
The House earlier saw a lot of discussion on a motion moved by P Rajeeve of CPI(M), which sought that the measure be re-sent to the Select Committee as it had not taken the views of all stakeholders including state governments.