ECONOMY ANALYSIS:
RBI keeps key rates unchanged; cuts GDP forecast for FY-14 to 5.5%
Dr Reddy's Labs Q1 disappoints, net up 7% to Rs 361 cr YoY
NTPC Q1 net up on lower fuel cost, rev down 3%
Govt to sell 7.64% in National Fertilizer on Wednesday
Petronet LNG Q1: Analysts expect 9% PAT growth at Rs 268 cr
MARKET ANALYSIS:
The 50-share Nifty slipped for the fifth day in a row on Tuesday to hit its lowest level since June 28 as the rupee fell below the key psychological level of 60 per dollar.
The Nifty provisionally closed 76 points or 1.31 per cent lower at 5755.05. The index hit a low of 5747.60 and a high of 5861.30 in trade today.
The S&P BSE Sensex ended 235 points or 1.2 per cent lower at 19,357.43. The index hit a low of 19,328.54 and a high of 19,672.72 in trade today.
The benchmark indices corrected sharply after the Reserve Bank of India left its policy repo rate at 7.25 per cent, but took a dovish tone as it slashed its growth forecast of the economy to 5.5 per cent for the fiscal year from 5.7 percent previously.
The Reserve Bank of India said it will roll back recent liquidity tightening measures when stability returns to the currency market, enabling it to resume supporting growth.
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