Free Investment Analysis on Indian Stock Market
The S&P BSE Sensex slipped in red after rallying as much as 109 points in trade on Tuesday.Nifty slipped below its psychological level of 8,350 and was trading at 8,338, down 14 points.Infosys is down 1 percent while GAIL, Axis Bank, Wipro and ICICI Bank are major losers in the Sensex. Hindalco, Bharti, L&T, Cipla and Coal India are top gainers.
The Reserve Bank of India said on Monday it accepted all nine bids for 42.62 billion rupees ($671 million) at its one-day repo auction, through which it injects liquidity into the banking system.Indian banks' refinancing with RBI unchanged at 56.22 bln rupees.India cbank says banks' cash balances fall to 3.60 trln rupees.
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