RBI measures fail to impress markets; end lower

Expectations built around big bang measures to prevent the fall in the rupee were belied, which resulted in markets dropping sharply lower following the announcement of the RBI measures.

The Sensex close the day at 16,882 points lower by 90 points and NSE Nifty was at 5,114 points lower by 30 points.

Most Asian markets ended lower and Europe was also trading lower with the German DAX, UK's FTSE and the French CAC all losing around one per cent.

Shares that gained in today's trade were Cairn India, GAIL, Maruti Suzuki and Reliance. Stocks that failed to lure investors in today's trade were hero Moto Motocorp, Cipla Siemens and Power Grid Corporation.

On the sectoral front on BSE, all the sectors were trading negatively, except Consumer Durables.

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