The benchmark indices extended losses after banking stocks dipped as investors were disappointed with just 25 bps rate cut
by Reserve Bank of India (RBI). 25 bps was already priced in, believe experts.
Overseas, muted trend seen in Asian markets as investors locked in profits after Wall Street’s Dow Jones broke the 22,000 barrier for the first time in its 121-year history, also contributed to losses.
Meanwhile, Indian Oil, Jindal Saw, Majesco, PNB Housing, Ramco Cements, Titan
and VIP Industries are among 68 companies scheduled to report their quarterly results today.
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