Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Banking shares hit: ICICI Bank shares down 2%, HDFC Bank 1.6%

Jan 30 2014, 12:26 IST
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A cashier (L) counts currency notes as customers wait inside a bank in Hyderabad (Reuters) A cashier (L) counts currency notes as customers wait inside a bank in Hyderabad (Reuters)
SummaryThe Bank Nifty fell as much as 2 per cent to its lowest since October, heading towards a sixth consecutive losing session, as part of a rout in emerging markets.

The Bank Nifty fell as much as 2 per cent to its lowest since October, heading towards a sixth consecutive losing session, as part of a rout in emerging markets.

Banks have been among the worst hit this week after the Reserve Bank of India unexpectedly raised interest rates.

Falls were led by ICICI Bank, which lost 2 per cent, and HDFC Bank, which was down 1.6 per cent.

The Nifty was down 1 percent.

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