Sensex slips into red as RBI keeps policy rates unchanged

NEW DELHI: After rallying as much as 106 points in morning trade, the S&P BSE Sensex slipped in the red as the RBI kept repo rate unchanged at 8%.

Reverse repo rate and CRR was also kept unchanged by the central bank. The RBI policy stetement said inflation risk is on the high side.

At 11:03 am, the Sensex was at 25,675.75; down 47.41 points.

Tracking the momentum, the 50-share Nifty index also slipped after reclaiming its crucial psychological level of 7700, supported by gains in FMCG, pharma, auto, metal and power stocks.

The 50-stock index was trading at 7,670.95; dpwn 12.70 points.

D-Street highlights @ 11
RBI Credit Policy: GDP growth projection of 5-6% can be sustained

RBI Credit Policy: Will continue with liquidity under LAF at 0.25% of NDTL

RBI Credit Policy: Recent fall in crude prices should aid further disinflation

RBI Credit Policy: CPI headline inflation has decelerated on base effect

RBI Credit Policy: Committed to reaching 8% CPI by Jan 2015, 6% by Jan 2016

RBI Credit Policy: EMs vulnerable to changes in risk appetite of global investors RBI Credit Policy: RBI cuts Held To Maturity Category to 24% from 24.5%

RBI Credit Policy: Upside risk to Jan inflation target more balanced

RBI Credit Policy: RBI cuts SLR by 50 bps to 22%

RBI Credit Policy: RBI keeps Repo rate unchanged at 8%

At Day's High Lupin Price:1187.9 Change: +10.3 Percent Change: +.87%

India HSBC July services PMI at 52.2 vs 54.4 in June

Quant Broking: Expect Q1 PAT of ?630 cr for Hero Moto

Maruti Suzuki, Bharat Forge at record highs

At Record High; Up For 2nd Day CNX AUTO Price:6984.45 Change: +47.8 Percent Change: +.69%

ICICI Pru Life Insurance: Bullish on auto, capital good on back of economic recovery

ICICI Pru Life Insurance: Turned overweight on IT & Pharma post elections

ICICI Pru Life Insurance: Markets will take a break from recent rally

Raises FY15 Revenue Guidance Cummins Price:657.45 Change: +30.8 Percent Change: +4.92%

@ 10

Up For 2nd day; Nears Record High CNX MNC Price:7958.5 Change: +47.6 Percent Change: +.6%

Kalpataru Power: Will see lower interest cost on operational improvement

Kalpataru Power: Confident of long term growth in railway orders

1.87 Lk Shares Trade In A Block Bharti Airtel Price:375.1 Change: -1.8 Percent Change: -.48%

Wins Deals in Europe Zensar Tech Price:453.5 Change: +28.75 Percent Change: +6.77%

50,000 Shares Trade In A Block M&M Price:1197.95 Change: +12.45 Percent Change: +1.05%

Marico : Seeing greenshoots in consumption

Jahangir Aziz: RBI's objective is to keep liquidity comfortable

Jahangir Aziz: RBI will continue to look at CPI from a MoM basis

Barclays : Expect Rupee to weaken marginally over the next one year

Barclays : Expect 10-year bond yield to see softening bias

Barclays : Easing in supply bottlenecks led to GDP growth

Macquarie Capital: Underweight on Consumer Staples on high valuations like HUL