INSUBCONTINENT EXCLUSIVE:
Domestic stock markets declined for a second straight session, with the BSE Sensex closing 356 points lower
The indices were dragged lower by a selloff witnessed across banking, financial and auto stocks
The fall came a day after the Reserve Bank of India (RBI) announced a hike of 25 basis points in repo rate while maintaining a 'neutral'
policy stance.Here are 10 things to know about Thursday's trading session:1
Mahinda Mahindra and Bharti Airtel, ending between 2 per cent and 2.6 per cent lower.2
Other than the RBI action on key interest rate dragging the rate-sensitive stocks lower, investor sentiment was affected by escalating
China-US trade concerns, according to analysts.3
The NSE's indices for banking and financial services stocks, Nifty Bank and Nifty Financial Services - finished around 1 per cent lower,
pulling the markets lower
Auto stocks lost ground, with the NSE Auto - the NSE's sectoral index comprising auto sector stocks - declining 1.4 per cent
Maruti Suzuki India closed 2.3 per cent lower, a day after the company posted a fall in July vehicle sales.5
Among other decliners, heavyweight Reliance Industries fell 2 per cent while Housing Development and Finance Corporation (HDFC) declined 1.9
The two days of losses for Sensex come after eight consecutive sessions of gains
The Nifty had closed higher in seven out of eight sessions before Wednesday.7
China for trade concessions by proposing a higher 25 per cent tariff on $200 billion worth of Chinese imports.8
Foreign portfolio investors (FPIs) and domestic institutional investors (DIIs) net sold shares worth Rs 95.94 crore and Rs 562.33 crore on
one-month high of 68.26 against the US dollar
The RBI maintained its economic growth projections for the current financial year.10
The RBI projected a gross domestic product (GDP) expansion rate of 7.4 per cent in 2018-19 on the back of robust macroeconomic
environment.(With agency inputs)
