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.

BSE Sensex falls for second day, Raghuram Rajan macro event awaited

Sep 13 2013, 17:53 IST
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The benchmark BSE index fell 0.25 percent while the broader NSE index ended almost flat. Reuters The benchmark BSE index fell 0.25 percent while the broader NSE index ended almost flat. Reuters
SummaryITC Ltd shares fell 1.9 percent while ICICI Bank Ltd ended 1.7 percent lower.

Sensex fell for a second day on Friday as blue chip shares including ITC Ltd declined after the Prime Minister's economic panel said it would be a challenge for the government to meet its fiscal deficit target in the current year.

India's new Reserve Bank of India (RBI) chief Raghuram Rajan to detail his first monetary policy review on Sept. 20 with focus squarely on whether the cbank will partly or wholly reverse its cash tightening steps or give an indication on when they might be rolled back.

ITC Ltd shares fell 1.9 percent while ICICI Bank ended 1.7 percent lower.

Also, traders lightened positions ahead of the whole price inflation data on Monday and the US Federal Reserve's decision on stimulus tapering, as well as RBI policy review later next week.

The benchmark BSE Sensex fell 0.25 percent while the broader NSE Nifty ended almost flat.

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