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    D-Street Buzz: Banks bleed led by YES Bank, RBL Bank, SBI; Omaxe tanks 20% - Moneycontrol.com thumbnail

    Indian stock market continues trading in the red with Sensex down 322.50 points or 0.79 percent at 40457.09 while the Nifty shed 92.20 points and is trading at 11926.20.Nifty PSU Bank is the underperforming sector, down close to 4 percent after the Reserve Bank of India decided to hold interest rates. Investors booked profit on fears of weak economic growth.The MPC significantly increased its CPI inflation forecast for H2 FY20 to 5.1-4.7 percent from the earlier 3.5-3.7 percent, with risks broadly balanced.Following the continued drop in GDP (gross domestic product) in Q2 FY20, the MPC has considerably reduced its projection for economic growth for the year to March to 5 percent, from the previous 6.1 percent with risks evenly balanced in October 2019.The top losers from t
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