Market witnesses a ‘red’ sea; RBI issues draft policy

EP37 – Market witnesses a ‘red’ sea; RBI issues draft policy | Buy Now Sell Now
10 DECEMBER 2020 | ET NOW | 41 MIN 33 SEC

On Buy Now Sell Now today, the market has witnessed a sea of red in almost all sectors. IOC, Tata Steel, Gail, ONGC, BPCL, Adani Ports, IndusInd Bank, M&M, HDFC Bank, JSW Steel, Shree Cements, Reliance Industries, Infosys, Coal India were some of the prominent losers in the Nifty. Titan Company, SBI Life Insurance, Hindalco, Britannia were some of the top gainers in the Nifty.

Meanwhile, the Reserve Bank of India has issued draft rules on dividend distribution by NBFCs. The move is intended to bring more transparency and uniformity. RBI has placed regulations on mainly three parameters.

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