Banks lead in keeping Sensex low

Mumbai, July 28: Banks, FMCG firms, refiners and IT companies pulled the benchmark Sensex down by another 43.10 points despite firm Asian cues amid sustained capital inflows and the announcement of monetary policy by the apex bank.

The Bombay Stock Exchange 30-share barometer moved in a range of 15,463.46 and 15,240.53 before ending the day at 15,331.94, a fall of 0.28 per cent over its previous close.

In its quarterly review of monetary policy, the Reserve Bank kept the key rates unchanged and said there are signs of economic recovery but warned that the overall scenario continued to be uncertain with fiscal consolidation posing a challenge.

The RBI retained the economic growth projection at 6 per cent with an upward bias in the current fiscal and expected inflation to scale up to around five per cent by March 2010.
–PTI