Highlights

3.35 pm ISTClosing bell
2.50 pm ISTMarket update
2.45 pm ISTRupee trades lower against US dollar
2.35 pm ISTRBI holds rates
2.08 pm ISTEuropean shares open lower
2.05pm ISTMarket snapshot
2 pm ISTSectoral indices
1.10 pm ISTMarket update
1.07 pm ISTFuture Supply Chain IPO subscribed 8% so far on first day
1.05 pm ISTGAIL to invest Rs6,000 crore in FY19
11.53 am ISTMarket update
11.48 am ISTSuven Life Sciences secures product patent from Eurasia, Norway
11.45 am ISTReliance Infra receives contracts worth Rs5,000 crore
11.03 am ISTMarket update
11.00 am ISTAviation stocks trade higher
10.58 am ISTBinani Industries shares rise
10.20 am ISTFertilizer companies shares gain on possible GST rate cut
10.17 am ISTDVDR selects Tata Communications as global IoT connectivity partner
10.15 am ISTDish TV India shares decline on quarterly result
10.13 am ISTRBI monetary policy today: What to watch for
9.31 am ISTBanking stocks trade lower
9.28 am ISTTata Steel shares fall on concerns over Thyssenkrupp deal
9.25 am ISTMetal stocks trade lower
9.21 am ISTSensex, Nifty open lower

BSE Sensex and NSE Nifty closed lower on Wednesday. Photo: Mint

Mumbai: BSE Sensex closed over 200 points lower and NSE Nifty fell below 10,050 on Wednesday after the Reserve Bank of India (RBI) kept key rates unchanged. All NSE indices, except IT, ended lower, with rate sensitive indices suffered most. PSU bank fell 2.10%, financial services 1.29%, auto 0.72% and realty 0.33%. Reliance Industries, Maruti and Hindustan Unilever were the top gainers, whereas Sun Pharma, SBI and ICICI Bank were major losers.RBI kept the key interest rate unchanged at 6% as it feared that inflation may top the central bank’s medium-term target of 4%.Noting several upside risks to inflation, RBI raised its fiscal second half inflation estimate range marginally to 4.3-4.7%.RBI retained its fiscal 2018 forecast for growth in gross value added (GVA), a measure of economic output, at 6.7%.
3.35 pm IST Closing bellBSE Sensex traded lower by 205.26 points, or 0.63%, to 32,597.18, while the Nifty 50 fell 74.15 points, or 0.73%, to close at 10,044.10.
2.50 pm IST Market updateBSE Sensex traded lower by 180.89 points, or 0.55%, to 32,621.55, while the Nifty 50 fell 66.55 points, or 0.66%, to 10,051.50.
2.45 pm IST Rupee trades lower against US dollarThe Indian rupee was trading at 64.46 a dollar, down 0.11% from its Tuesday’s close of 64.38. The rupee opened at 64.47 a dollar and touched a high and a low of 64.39 and 64.50, respectively. The 10-year bond yield was at 7.049%, compared to its previous close of 7.061%.
2.35 pm IST RBI holds ratesRBI’s decision was in line with the majority of market expectation, which expected the RBI to keep the key repo rate—the rate at which it infuses liquidity in the banking system—unchanged at 6%.
pic.twitter.com/Qn6UnEbl1L
— Livemint (@livemint) December 6, 2017
2.08 pm IST European shares open lowerEuropean stock markets sank at the start of trading on Wednesday, extending a sharp global selloff after more heavy losses in Asia. London’s FTSE shed almost 0.5% to 7,292.71 points. In the eurozone, Frankfurt’s DAX 30 fell 1.2% to 12,897.43 points and in Paris the CAC 40 dropped nearly 0.8% to 5,333.32. (AFP)
2.05pm IST Market snapshot
Graphic: Livemint
2 pm IST Sectoral indicesRate sensitive indices traded lower. The Nifty PSU Bank fell 1.27%, the BSE Finance declined 0.65%, the BSE Bankex was down 0.49% and the BSE Auto shed 0.53%.BSE Metal extended losses and was trading 1.86% lower. Jindal Steel down 3.76%, Hindustan Zinc 3.29%, Hindalco 3.04% and Vedanta 2.57%.
1.10 pm IST Market updateBSE Sensex traded lower by 128.09 points, or 0.39%, to 32,674.35, while the Nifty 50 fell 50.30 points, or 0.50%, to 10,067.95.
1.07 pm IST Future Supply Chain IPO subscribed 8% so far on first dayFuture Supply Chain Solutions Ltd’s initial public offering (IPO) witnessed 8% subscription so far on the first day of share sale on Wednesday. As of 12.30pm, the IPO received bids for 519,134 shares against the total issue size of 6,849,200 shares, according to NSE data.
1.05 pm IST GAIL to invest Rs6,000 crore in FY19GAIL India plans to invest Rs6,000 crore in FY19 for laying about 15,00 kms pipeline, Reuters reported. Shares were trading 0.92% lower at Rs458.20.
11.53 am IST Market updateBSE Sensex traded lower by 160.13 points, or 0.49%, to 32,642.31, while the Nifty 50 fell 64.85 points, or 0.64%, to 10,053.40.
Graphic: Livemint
11.48 am IST Suven Life Sciences secures product patent from Eurasia, NorwaySuven Life Sciences Ltd said it has secured a product patent from each Eurasia and Norway corresponding to the new chemical entities for the treatment of disorders associated with neurodegenerative diseases. Shares surged 2.73% to Rs195.75.
11.45 am IST Reliance Infra receives contracts worth Rs5,000 croreReliance Infrastructure Ltd said it has won two EPC contracts in Bangladesh together valued Rs5,000 crore. Shares rose 0.165 to Rs443.60.
11.03 am IST Market updateBSE Sensex traded lower by 70.74 points, or 0.22%, to 32,731.70, while the Nifty 50 fell 33.80 points, or 0.33%, to 10,084.45.
11.00 am IST Aviation stocks trade higherAviation stocks trades higher. Jet Airways India Ltd rose 2%, SpiceJet Ltd rose 1%, InterGlobe Aviation Ltd rose 0.5%.
10.58 am IST Binani Industries shares riseBinani Industries Ltd rose 8% to Rs100.10 after ET reported that Dalmia Bharat Cement has entered into an agreement with the Piramal Bain Resurgence Fund to bid for debt-laden Binani Cement Ltd.
10.20 am IST Fertilizer companies shares gain on possible GST rate cutShares in fertilizer companies gained on expectations that the government may cut duties on some fertilizer inputs. India fertilizers ministry will seek a cut in goods and services tax on ammonia and phosphoric acid from the current 18%, Bloomberg reported quoting chemicals and fertilizers minister Ananth Kumar said.Rashtriya Chemicals & Fertilizers Ltd rose 2.4%, Nagarjuna Fertilizers gains as much as 2.5%, Gujarat State Fertilizers 1%, National Fertilizers 1.6%, Zuari Agro Chemicals 2.3%, Mangalore Chemicals 3.5% and Chambal Fertilisers 1%
10.17 am IST DVDR selects Tata Communications as global IoT connectivity partnerTata Communications shares rose 0.68% to Rs674.70 after the company said DVDR has selected Tata Communications as its global IoT connectivity partner
10.15 am IST Dish TV India shares decline on quarterly resultDish TV India Ltd fell 1.7% to Rs79.10 after the company said it posted a net loss of Rs16 crore in September quarter from Rs70 crore a year ago. Revenues down 4% to Rs749 crore.
10.13 am IST RBI monetary policy today: What to watch forThe Reserve Bank of India will probably hold interest rates at a seven-year-low on Wednesday as growth recovers, while investors will focus on whether inflation has quickened decisively enough to signal future tightening.
RBI monetary policy today: What to watch for https://t.co/Exoo4NF3KA
— Livemint (@livemint) December 6, 2017
9.31 am IST Banking stocks trade lowerBanking stocks fell before RBI Policy. Punjab National Bank fell 1%, Yes Bank 0.8%, State Bank of India 0.7%, Bank of Baroda 0.7%, ICICI Bank 0.6%, HDFC Bank 0.5%.
9.28 am IST Tata Steel shares fall on concerns over Thyssenkrupp dealTata Steel Ltd fell 1.7% to Rs664 after Bloomberg reported that Germany’s biggest union has given Thyssenkrupp AG until 22 December to guarantee jobs and investments before the labour group will give its blessing to a joint venture with Tata Steel Ltd.
9.25 am IST Metal stocks trade lowerMetal stocks fell. Vedanta Ltd fell 2.5%, Hindalco Industries Ltd 2.2%, Jindal Steel & Power Ltd 2.5%, National Aluminum Co Ltd 1.7%, Hindustan Zinc 1.7%, JSW Steel Ltd 1.7%.
9.21 am IST Sensex, Nifty open lowerBSE Sensex opened lower by 87.86 points, or 0.27%, to 32,714.58, while the Nifty 50 fell 28.65 points, or 0.28%, to 10,089.60.