Going forward, several analysts expect the RBI to keep rates on hold in the coming months, including at its next policy meeting, in February 2018.
Banking sector bled with medium-term rate cut hopes dashed, with RBI's move to maintain status quo sparking a sell-off in banking stocks. "We are hopeful that going forward the RBI would shift its policy stance from neutral to accommodative and effect a cut in interest rates to revive domestic demand, which would provide a fillip to broad-based investment activity which has yet to take off in a big way", said CII Director General (DG) Chandrajit Banerjee. Weak sentiment hovered over realty and automobile counters too.
The six-member Monetary Policy Committee (MPC), headed by Reserve Bank of India Governor Urjit Patel, kept the policy rate unchanged on expected lines but raised the inflation forecast for remainder of the current fiscal to 4.3-4.7 per cent. Food prices are inching up due to unseasonal rains that hit the rabi crop and the fact that traders are passing on high prices to retailers. Punjab National Bank fell 1 percent, Yes Bank 0.8 percent, Bank of Baroda 0.7 percent, ICICI Bank 0.6 percent and HDFC Bank 0.5 percent.
Similarly, the NSENifty was trading lower by 78.70 points, or 0.77 per cent, at 10,039.55.
"On the macro front upcoming RBI policy and Gujarat state election will be an influential factor for investors which is steering the market to consolidate", said Vinod Nair, Head of Research, Geojit Financial Services.
Sheetz installs new lighting to deter opioid use One Sheetz store in Westmoreland County has installed a new lighting system in their restrooms in hopes of deterring drug users. The experiment is being tested at a Sheetz gas station in New Kensington, a small city about 18 miles northeast of Pittsburgh.
In sync with overall trend, the rupee too weakened to quote at 64.55 against the dollar intra-day.
In October, the government outlined a 2.11 trillion rupee ($32.71 billion) recapitalisation plan for state lenders, with 1.35 trillion rupees of it to be financed via recapitalisation bonds that the banks themselves will subscribe to.
In the auto pack, Mahindra & Mahindra skidded 1.37 per cent, Tata Motors 1.38 per cent and Bajaj Auto 1.65 per cent.
The mid-cap index shed 0.89% and small-cap declined 0.66%.
Other Asian markets closed lower. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.9 percent. London's FTSE rose 0.16% in late morning deals.
He's released a few teasers and singles hinting at Act II and has remained largely offstage except for a few high profile shows. Also on the bill are local artists AF THE NAYSAYER with Yung Vul, KTRL., RedBarrington and KiddLove.
Finally, Ropes Wealth Advisors LLC increased its position in shares of Thermo Fisher Scientific by 15.8% in the 2nd quarter. The ex-dividend date of this dividend is Tuesday, June 13th. (NYSE:TWTR) on Friday, September 23 with "Hold" rating.
IL committed 25 turnovers in the game, a number that Underwood does not care for very much. "I'm glad we made free throws". IL still led by just three points at 59-56 when Austin Peay was called for a shot clock violation with 45.8 seconds to go.
Higuain was left out of Jorge Sampaoli's squad for Argentina's final two World Cup qualifiers against Peru and Ecuador in October. Argentina, Nigeria, Iceland and Croatia were drawn into Group D in Friday's draw in Moscow.
The Bulls continued into the second quarter, pushing their lead up to 43-26 after threes from Paul Zipser and Valentine. Dunn missed a jumper on the Chicago's possession, forcing the visitors to foul Oladipo with 12.8 seconds remaining.
According to the notification given on May 11, 2017, these services are mandatory to link with Aadhaar before their deadline. Aadhaar is a 12 digit unique-identity number issued to all Indian residents based on their biometric and demographic data.
Stockholders of record on Thursday, December 7th will be given a dividend of GBX 2.50 ($0.03) per share on Friday, January 12th. The shares were sold at an average price of GBX 3,512 ($47.27), for a total transaction of £344,948.64 ($464,264.66).
GVC is proposing to pay 32.7p in cash plus 0.141 of its own shares for each Ladbrokes share, valuing the company at £3.1bn. Ladbrokes Coral was created out of the merger of Ladbrokes and Gala Coral in November a year ago .
This video from the National Fire Protection Association shows just how serious a fire hazard a dry tree can be. Bussell also suggests using a surge protected outlet splitter to help protect against electrical fires.
Smith told NewsChannel reporter Nate Belt that on her first day of donations alone, she gathered about $1,000 worth of food. A public visitation for Mariah was held Wednesday from 4 p.m.to 6 p.m.at Jones Funeral Home in Jacksonville.
Evan Fournier leaves Magic game with sprained right ankle
Bazemore hit a 3-pointer with 1:33 to play, but it was waved off after an instant replay review because of a shot-clock violation. Gordon started the rally with five straight points, and Fournier hit a driving layup that put Orlando up 93-92 with 1:59 to play.
Hull plump for Adkins after Slutsky exit
The duo will take first-team training this morning, as they prepare Hull for Saturday's clash with Brentford at the KCOM Stadium. The 52 year old has been in charge of clubs in this region before, winning promotion with Scunthorpe United in 2007.
Bath Spa university vice-chancellor paid £808k
She was at Bath Spa, which only gained full university status in August 2005 and had just 7,630 students past year . Prof Dame Glynis Breakwell declared she was leaving from the University of Bath after a line over her £468,000 pay.
EBay Inc. (EBAY) Position Boosted by Pacer Advisors Inc
Also, SVP Stephen Fisher sold 69,406 shares of the company's stock in a transaction that occurred on Friday, October 20th. It dived, as 57 investors sold EBAY shares while 278 reduced holdings. 67 funds opened positions while 232 raised stakes.
Apple TV finally gets Amazon Prime Video App
The company kept its Prime Video service away from the Apple TV , refusing to sell Apple's device in its online store. Amazon Prime Video is available now on Apple TV for free.