NEW DELHI: The S&P BSE Sensex slipped over 200 points in trade on Tuesday, ahead of crucial Reserve Bank of India’s third monetary policy review. The 50-share Nifty index which managed to reclaim its crucial psychological level of 8550 turned choppy. The losses were led by index heavyweights such as Infosys, HDFC, Reliance, ITCBSE -0.56 % and Tata Motors.The overall market breadth was positive, with 6 out of every 10 BSE stocks trading in the green.The S&P BSE Midcap Index was up 0.43 per cent and BSE S&P Smallcap Index edged higher by 0.29 per cent.

An ET poll of 15 economists and investors shows that the benchmark repo rate will remain at 7.25 per cent. Just one of the polled believes that there could be a rate reduction on Tuesday.Asian markets were mixed. China’s Shanghai Composite gained 1.1 per cent South Korea’s Kospi advanced 0.4 per cent. Japan’s Nikkei was flat. Hong Kong’s Heng Seng and Singapore’s Straits Times inched down 0.2 per cent each.Rupee depreciated 5 paise to 64.09 against dollar in trade today. The domestic currency had closed 9 paise lower at 64.04 on Monday.

Source : http://economictimes.indiatimes.com/markets/stocks/news/sensex-turns-volatile-nifty-tests-8500-post-rbi-policy-review-hero-motocorp-up-3/articleshow/48338903.cms

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