Expressing disappointment over RBI's decision to hike the key policy rate, real estate developers said this would lead to increase in finance cost and also affect housing demand during the festive season.
FPIs, which are holding large exposures in Indian debt, could also be expected to book some capital gains as yields slide down
Broking firm Jefferies says Indian financial system is now flooded with the kind of liquidity witnessed in 2005-07 and 2009-10
Banks and realty among the most hit on account of high borrowing costs.
Market breadth depicted gains with 1,476 advances over 1,403 declines on the BSE. 140 stocks remained unchanged.
The banking sector in India is reeling under Rs 8 lakh crore of non performing assets (NPAs) or bad loans, of which PSU banks alone account for over Rs 6 lakh crore.
Banks might hold on to lending rates for the time being.
The reason for the stickiness in bond yields can be many, but the most responsible is the liquidity deficit stance taken by RBI, says Anup Roy.
With more than one million people affected by the current Ebola outbreak in West Africa, the World Health Organisation has warned that there is "no early end in sight" to the severe health crisis and called for "extraordinary measures" to stop the transmission of the disease.
Banks led the decline with Nifty Bank and BSE Bank index dropping over 3% each.
From the Syrian civil war to the Ukrainian crisis to the terror unleashed by the dreaded Islamic State, there was no lack of news in 2014. In this five-part series, rediff.com presents a selection of the year's most enduring moments year from around the world.
YES Bank raises base rate; HDFC Bank, Axis hike deposit rates.
The scenic mountainous valley, which earlier bustled with presence of foreign tourists, now wear a deserted look. Kunal Dutt reports
Company claims new use for kala jeera extract, provoking alarmed campaigners here and abroad; says reaction not based on facts.
