Sensex down over 200 points, Nifty down as financial stocks slip

Indian shares slipped on Friday, dragged by financial stocks and heavyweight Tata Steel, with sentiment dented by Asian shares that fell on a stronger dollar and worries about an early tapering of stimulus by the U.S. Federal Reserve. By 9:19 am, the blue-chip NSE Nifty 50 index was down 0.71% at 16,451.50, while the…

Sensex down over 150 points after RBI holds key rates, Nifty slips

Benchmark stock market indices fell after the Reserve Bank of India’s Monetary Policy Committee (MPC) kept key interest rates steady at record lows on Friday. The central kept the repo rate unchanged at 4% and the reverse repo rate, the borrowing rate, unchanged at 3.35%. The NSE Nifty 50 index was down over 38…