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Rate sensitives' dismiss markets
Aggressive selling in rate sensitive stocks, couple of days ahead of the RBI policy review, saw the markets tank heavily. The RBI is scheduled to review its monetary policy on January 29. Markets fear hike of Cash Reserve Ratio (CRR), which in turn could affect these sectors.
International Business

Sensex opens weak on global cues

The Sensex opened at 16,339 and then slipped to a low of 16,182 on weak global cues. The index is now at 16,233, down 129 points and the NSE Nifty is at 54,847, down 35 points. All the Asian markets are in the negative zone. The Hang Seng has dropped 203 points or 1% to 19,919 and the Shanghai Composite has slipped 2% to 2,927.


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