 "Markets volatile; Maruti Suzuki down 6%")
Markets continue to trade in the negative territory in noon deals after the RBI surprised the street by hiking the repo rates by 25 bps to 8% in its third quarter monetary policy review today. At 1430 hrs, the Sensex was down 22 points at 20,685 and the Nifty was down eight points at 6,127.
Consequently, the reverse repo rate under the Liquidity Adjustment Facility (LAF) stands adjusted at 7%, and the marginal standing facility (MSF) rate and the bank rate at 9%.
The Cash Reserve Ratio (CRR) was kept unchanged at 4% of Net Demand and Time Liabilities (NDTL).
In the broader markets, the smallcap index gained 0.55 and the midcap index added 0.2%, both outperforming the BSE benchmark index which was down 0.1%.
Among the sectoral indices, IT and Teck indices were down 1% each along with Health Care index down 0.5% and Bankex index down 0.4%.
Meanwhile, Realty and Metal indices gained over 1% each in the noon deals.
Capital goods, Power, Oil & Gas, Consumer Durables and Auto indices too were in the green, up 03.3-0.6%.
Metal names like Tata Steel and Hindalco up 3.5% and 2% were the top gainers among Sensex-30. Tata Motors, Bajaj Auto, Tata Power, BHEL and Sesa Sterlite up 1-2% were the other notable gainers.
ICICI Bank, Mahindra & Mahindra, RIL, Dr Reddys Lab, JHDFC and L&T were up 0.5-0.8%.
Among the ones in the red was Maruti Suzuki down nearly 6% along with Axis Bank, Infosys, Sun Pharma, HUL and Cipla down 1-4%.
TCS, HDFC Bank, Wipro, Hero MotoCorp and Bharti Airtel down 0.4-0.8% were the other major losers.
The market breadth was positive owing to strength in broader markets. 1,241 stocks advanced while 1,123 stocks declined on the BSE.
Global Markets
Asian shares were pinned near five-month lows as concerns that slower growth in China and reduced U.S. monetary stimulus could hurt some emerging economies dependent on exports and foreign capital.
Investors are now focusing on whether the central bank of Turkey, one of the epicenters of the latest rout in emerging markets, could salvage the lira at an emergency policy meeting later in the day.
MSCI's broadest index of Asia-Pacific shares outside Japan briefly dipped to a five-month low, extending a 3.8% loss in the past three days before recouping the losses to trade almost flat.
Japan's Nikkei average rose 0.2% though it briefly fell to a 2 1/2-month low.
European markets started on a positive note with the CAC, DAX and FTSE gaining 0.2-0.7%.
Consequently, the reverse repo rate under the Liquidity Adjustment Facility (LAF) stands adjusted at 7%, and the marginal standing facility (MSF) rate and the bank rate at 9%.
The Cash Reserve Ratio (CRR) was kept unchanged at 4% of Net Demand and Time Liabilities (NDTL).
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A month after touching a record high, CPI inflation came down to a three-month low of 9.87% in December compared with 11.16% a month ago. While the Wholesale Price Index (WPI) inflation was at five-month low in December at 6.16% compared with 7.52% the previous month.
In the broader markets, the smallcap index gained 0.55 and the midcap index added 0.2%, both outperforming the BSE benchmark index which was down 0.1%.
Among the sectoral indices, IT and Teck indices were down 1% each along with Health Care index down 0.5% and Bankex index down 0.4%.
Meanwhile, Realty and Metal indices gained over 1% each in the noon deals.
Capital goods, Power, Oil & Gas, Consumer Durables and Auto indices too were in the green, up 03.3-0.6%.
Metal names like Tata Steel and Hindalco up 3.5% and 2% were the top gainers among Sensex-30. Tata Motors, Bajaj Auto, Tata Power, BHEL and Sesa Sterlite up 1-2% were the other notable gainers.
ICICI Bank, Mahindra & Mahindra, RIL, Dr Reddys Lab, JHDFC and L&T were up 0.5-0.8%.
Among the ones in the red was Maruti Suzuki down nearly 6% along with Axis Bank, Infosys, Sun Pharma, HUL and Cipla down 1-4%.
TCS, HDFC Bank, Wipro, Hero MotoCorp and Bharti Airtel down 0.4-0.8% were the other major losers.
The market breadth was positive owing to strength in broader markets. 1,241 stocks advanced while 1,123 stocks declined on the BSE.
Global Markets
Asian shares were pinned near five-month lows as concerns that slower growth in China and reduced U.S. monetary stimulus could hurt some emerging economies dependent on exports and foreign capital.
Investors are now focusing on whether the central bank of Turkey, one of the epicenters of the latest rout in emerging markets, could salvage the lira at an emergency policy meeting later in the day.
MSCI's broadest index of Asia-Pacific shares outside Japan briefly dipped to a five-month low, extending a 3.8% loss in the past three days before recouping the losses to trade almost flat.
Japan's Nikkei average rose 0.2% though it briefly fell to a 2 1/2-month low.
European markets started on a positive note with the CAC, DAX and FTSE gaining 0.2-0.7%.