Finance Minister P. Chidambaram appeared disappointed over the RBI move and said the government would walk alone to face the challenge of growth.
The Reserve Bank of India (RBI) Tuesday cut cash reserve ratio (CRR) for banks by 0.25 percent but kept interest rates unchanged, despite pressure from the government.
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Before the Supreme Court's decision on coal blocks the market seem to have nervousness. Sensex and Nifty fell by 0.5 percent.The Midcap and Smallcap stocks also under pressure.
Realty, metal, IT, oil & gas, banking and capital goods shares are in selling zone.While Auto and Aower stocks have buying trend