Nifty ends 140 points down as RBI rate hike disappoints

	Dated:03 May,2011

Market Round-up SENSEX 18534.69 -463.33 NIFTY 5565.25 -136.05 NASDAQ 2141.54 17.78 DJIA 10060.06 19.61 RS/$ 46.79 -0.14 NSE Gainers Scrip Price(Rs.) %Change Bharat Rasayan Ltd. 139.75 + 19.44 Carol Info Services Ltd. 146.65 + 10.02 Talwalkars Better Value F 237.60 + 6.52 NCL Industries Ltd. 34.25 + 6.04 GI Engineering Solutions 17.45 + 5.12 NSE Losers Scrip Price(Rs.) %Change Triveni Engineering & Ind 39.90 -59.96 OnMobile Global Ltd. 128.30 -50.17 Regency Ceramics Ltd. 6.20 -15.07 Dhunseri Investments Ltd. 69.25 -13.17 GTN Industries Ltd. 19.40 -9.13

Top Headlines Nifty ends 140 points down as RBI rate hike disappoints Markets ended in deep red as the RBI's move to hike repo rate and reverse repo rate by 50 bps each spooked trader sentiments. RBI credit policy: Home, auto loans to cost more, say bankers Many bankers and analysts say that repo rate hike of 50 basis points will definitely have an impact on interest rates. RIL told to drill new wells in FY12; stock up The oil ministry has directed Reliance Industries to drill 11 new wells in the current financial year to boost gas output from its KG-D6 block. Views on Stocks/Markets Market to witness rangebound trends: Dinesh Thakkar, Angel Broking Stay away from PSU banking stocks: Sudarshan Sukhani Margin in real estate and cement sectors may come down: Mukesh Agarwal IPO/Global Markets 'GoAir plans $150 mn IPO' European shares flat Stocks don't mirror US cos' best show Rupee / Gold US $ firms up against the Re Gold futures down Silver down on profit-booking More 'Market' News 50 bps hike came as shocker to market: CRISIL Research The sell off is mainly because the market was not expecting a 50 basis point hike in the interest rates which came as a shocker to the market. Analysts' views and recommendations on banking stocks It is too early to get into banks now. That decline of the last 2-3 days was rather intense for banks NTPC to lose Rs 10.4 crore a day if contracts not placed in time State-run NTPC told Supreme Court on Monday that the company would lose 10.40 crore per day if equipment supply contracts for 5 projects worth 53,000 crore are not placed in time.