Home > News > Business India News

BSE Sensex falls on RBI concerns

Posted on Jan 30, 09:50AM | IBNS

Mumbai, Jan 29 : The BSE Sensex fell 0.56 percent on Tuesday after the Reserve Bank of India (RBI) cut lending rates but also lowered hopes of more monetary easing soon.

The 30-share benchmark index ended 112.45 points lower at 19,990.90 with 22 of its components closing in the red.

The broader 50-share National Stock Exchange (NSE) Nifty index ended 0.41 percent or 24.90 points lower at 6,049.90 on Tuesday.

Even though moves by the RBI to lift sagging growth met expectations, its concerns about the outlook hit investor sentiments.

Meanwhile in the New Delhi bullion market, gold fell by Rs 85 to Rs 31,000 per 10 grams while silver dropped by Rs 400 at Rs 58,000 per kg.