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| Bombay Stock Exchnage |
Markets ended in the negative territory as concerns of rising crude oil prices and expectations of more rate hikes kept the bulls under check. FMCG, IT and auto stocks were led the decline while power space ended marginally higher.
Indices opened with a gap-down mirroring losses in the Asian region, worries of high crude oil prices due to tension in the middle-east also weighed sentiments. The Reserve Bank of India's move to hike repo rate, reverse repo rate by 25 bps and keep the CRR unchanged was in line with market expectations.
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