INDIAN BENCHMARKS: SENSEX SLIPS 205 POINTS, NIFTY BANK SLIPS 273 POINTS AS RBI MAINTAINS STATUS QUO

Equity benchmarks closed lower for second consecutive session Wednesday, tracking global weakness and after the Reserve Bank of India decided to maintain repo rate at 6 percent.

The 30-share BSE Sensex was down 205.26 points at 32,597.18 and the 50-share NSE Nifty fell 74.20 points to 10,044.10 while the Nifty Bank plunged 273 points.

About two shares declined for every share rising on the BSE.

HEADLINES OF THE DAY

Industry upset as RBI maintains status quo.

TVS Motor enters super-premium motorcycle segment through TVS Apache RR 310.

Suven Life Sciences secures product patents in Eurasia and Norway.

The crucial resistance for Nifty spot is now seen at 10130 and above this 10200.Support for the immediate term is now placed at 9990 and next support will be 9950.

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