Indian benchmark indices close negative for seventh consecutive session
Mumbai, Feb 7 (IBNS): The Indian benchmark indices failed to raise their head on Wednesday, the seventh consecutive session, even though market breadth remained positive, according to media reports.
BSE Sensex was down 113.23 points at 34,082.71 and NSE Nifty was down 21.60 points at 10,476.70.
The decline in benchmark indices has been largely attributed to the hawkish stance of the Monetary Policy Committee (MPC) of the Reserve Bank of India, which decided to leave the repo rate unchanged at six per cent at its latest meeting on Wednesday.
The top gainers on Wednesday included HPCL, Aurobindo Pharma, Coal India, ONGC, BHEL, Asian Paints, Tata Motor and Tata Power while Ambuja Cements, Bharti Airtel, Bharti Infratel, L&T, Vedanta, Yes Bank, HDFC Bank and Wipro declined.
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