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		<img align="" alt="(Photo: Kamlesh Pednekar)" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-12/18/full/1545115407-19.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="(Photo: Kamlesh Pednekar)" width="620">
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		(Photo: Kamlesh Pednekar)</div></div>

(Photo: Kamlesh Pednekar)

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	Markets ended a volatile trading session in the negative territory on Thursday after the Reserve Bank of India (RBI) paused during the fifth bi-monthly monetray policy and kept the repo rate unchanged a 5.15 per cent. It, however, sharply revised the FY20 gross domestic product (GDP) forecast to 5 per cent from previously projected growth rate of 6.1 per cent on weak domestic and global demand.&nbsp;</div>
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	The RBI, in its policy statement, said it would maintain the &#39;accommodative&#39; stance as long as it was necessary to revive growth, while ensuring that inflation remains within the target band of 4 per cent +/- 2 per cent. <a href="https://www.business-standard.com/article/markets/reserve-bank-delivers-sixth-rate-cut-in-a-row-slashes-repo-rate-by-xx-bps-119120500349_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	The benchmark S&P BSE Sensex closed at 40,780 level, down 71 points or 0.17 per cent. Information Technology stocks including TCS, Infosys and Tech Mahindra were among the top gainers among the Sensex pack after the domestic currency fell against the US dollar in the intra-day trade. On the downside, metal and financial counters were under pressure.</div>
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	On the NSE, the Nifty50 index settled at 12,018 level, down 25 points or 0.21 per cent.</div>
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	On the sectoral front, Nifty Media index ended as the top performer, up 3 per cent on NSE, while Nifty Metal index, down 2 per cent, was the worst performer.</div>
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	In the broader market, the S&P BSE mid-cap index slipped 0.23 per cent to settle at 14,868.85. The S&P BSE small-cap index, however, ended 0.1 per cent higher at 13,468.89 level.<br />
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	<strong>BUZZING STOCKS</strong><br />
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	Shares of rate sensitive sectors, mainly banking and automobiles, erased their early morning gains and were trading by up to 2 per cent, after the Reserve Bank of India (RBI) maintained status quo on repo rate at 5.15 per cent. <a href="https://www.business-standard.com/article/markets/rate-sensitive-shares-erase-early-gain-as-rbi-keeps-repo-rate-unchanged-119120500470_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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	Shares of Polycab India continued their upward journey, and hit a new high of Rs 1,090.8, up 9.8 per cent on the BSE on Thursday, on expectation of strong earnings going forward. The company was included in the MSCI Global Small Cap Index with effect from November 26, 2019. <a href="https://www.business-standard.com/article/markets/polycab-india-extends-rally-stock-zooms-100-from-august-low-119120500300_1.html" target="_blank"><strong>READ MORE</strong></a><br />
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		<strong>GLOBAL CUES</strong></div>
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		Stock markets in Asia inched up on Thursday on the possibility that China and the United States may soon seal a &ldquo;phase one&rdquo; deal to end their 17-month trade war, but conflicting messages from US President Donald Trump kept a lid on the advance.</div>
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		MSCI&#39;s broadest index of Asia-Pacific shares outside Japan gained 0.5 per cent, Japan&#39;s Nikkei stock index rose 0.7 per cent, and Australian shares were up 1.2 per cent.<br />
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		<em><strong>(With inputs from Reuters)</strong></em></div>
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MARKET WRAP: Sensex slips 71 pts as RBI holds repo rate; financials decline

Business Standard

MARKET WRAP: Sensex slips 71 pts as RBI holds repo rate; financials decline | News on Markets - Business Standard

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Real GDP growth for 2019-20 is revised downwards from 6.1 per cent in the October policy to 5.0 per cent &ndash; 4.9-5.5 per cent in H2 and 5.9-6.3 per cent for H1:2020-21

CPI inflation projection is revised upwards to 5.1-4.7 per cent for H2:2019-20 and 4.0-3.8 per cent for H1:2020-21, with risks broadly balanced

NEWS ALERT | Economic activity has weakened further: RBI MPC

NEWS ALERT | Risks to inflation broadly balanced: RBI

-- Need to carefully monitor incoming data on CPI for clarity

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NEWS ALERT | RBI looks to pause, waits for more data on economy

NEWS ALERT | April to Sept  2020 GDP seen at 5.9-6.3%: RBI

NEWS ALERT | There is monetary policy space for future: RBI

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NEWS ALERT | FY20 real GDP growth lowered to 5% from 6.1%: RBI

NEWS ALERT | RBI MPC's decision unanimous: CNBC TV18

NEWS ALERT | RBI maintains accommodative stance

NEWS ALERT | RBI maintains repo rate to 5.15%

Polycab India hits fresh record high; stock zooms 100% from August low

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	Shares of Polycab India continued their upward journey, and hit a new high of Rs 1,052, up 5 per cent on the BSE on Thursday, on expectation of strong earnings going forward. The company was included in the MSCI Global Small Cap Index with effect from November 26, 2019.</div>
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	The stock of the fast moving electric goods (FMEG) company zoomed 100 per cent from its recent low of Rs 525, touched on August 22, 2019. It was trading at its highest level since its listing on April 16, 2019. The company issued shares at Rs 538 per share in the initial public offer. <a href="https://www.business-standard.com/article/markets/polycab-india-extends-rally-stock-zooms-100-from-august-low-119120500300_1.html" target="_blank"><strong>READ MORE</strong></a></div>

MARKET WRAP: Sensex slips 71 pts as RBI holds repo rate; financials decline

All that happened in the markets today

Inflation projection

RBI on GDP growth

RBI on inflation