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Market sees profit-taking after RBI policy [India Business] [Times of India](Times of India Via Acquire Media NewsEdge) MUMBAI: Profit booking after the RBI acted as was expected earlier by the majority - that of keeping key policy rates unchanged - pulled the sensex down by about 50 points at 22,339 while nifty was down 15 points below the 6,700 points mark. For the last few sessions, the market had moved up that with the rate or inflation now down for the last few weeks, the central bank would not increase rates further. After taking over as the RBI chief in September last, Raghuram Rajan had increased rates thrice, each time by 25 basis points (100 basis points = 1 percentage point). Among the top laggards were Hindalco, Maruti Suzuki and SBI, all those stocks which had seen sharp run ups in the last few sessions. On the other hand the top gainers included Wipro, Sesa Sterlite and TCS. (c) 2014 Bennett, Coleman & Company Limited |