Today, the S&P BSE Sensex fall steeply over 200 pts in trade, tracking Asian markets which were trading lower after the European Central Bank (ECB) slashed its deposit rate deeper into negative territory and expanded its asset buying by 6 mnths.The markets reacted negatively worldwide as the stimulus package was short of markets hopes. The ECB did not increase the amount of government bonds it buys weighed on sentiment.
Forty-nine out of fifty Nifty stocks were traded in red lines whereas all sectoral indices on the BSE were in the negative zone. Shares of BHEL, vedanta, Infosys fell over a per-cent. In the mean time, Tree House Education continued its latest surge to gain 10 per-cent, hitting its upper circuit. The INR(rupee) down by 24 paise to 66.90 against the USD in early trade on today, ahead of the RBI planned infusion of liquidity into the system via term repo & open market operations (OMO) routes during the day.
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