The benchmark Sensex shed 150 points on sell-off across the globe post FOMC announcement. Financial and metal companies' shares were leading the losers followed by technology, capital goods, power and realty shares. Heavyweights Reliance Industries, ITC and Bharti were among the other losers.
The 30-share BSE Sensex closed at 18,070.19, down 149.80 points or 0.82% and the 50-share NSE Nifty fell 40.10 points or 0.73% to settle at 5,420.60.
RBI’s discussion paper on new bank license
Calling it a positive move, Analysts says that the market participants were expecting the guidelines to be out for quite some time now, so it is positive for the sector. If the industrial houses are being allowed to go through the inorganic route from the regional rural banks then obviously it is very good for the health of the banking sector because that is the relatively weaker part within the banking system here in India
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