Market at Close: Market staged a recovery after the central bank maintained a status quo on repo rate; real estate stocks gained on the back of its decision to allow banks to invest in REITs
Benchmark indices ended the day on a lower note, but not before staging a recovery from the day’s low post the RBI’s policy announcement. The Street had factored in the central bank’s decision. A rally in real estate stocks could have helped in the recovery.
The Sensex was down 46.90 points at 29927.34, while the Nifty was down 13.30 points at 9251.85. The market breadth was marginally in the positive territory with 1,463 shares having advanced against a decline of 1,408 shares, while 137 shares were unchanged.
ITC, State Bank of India and Hindalco were among the top losers, while BHEL, Tata Steel and Zee Entertainment were the top gainers on both indices.