Indian benchmark indices end lower on first day of new year
Mumbai, Jan 1 (IBNS): The Indian market had a lacklustre start to the New Year, with BSE Sensex down 244.08 points at 33812.75 and NSE Nifty down 95.20 points at 10435.50, on Monday.
Top gainers included Tata Power, Coal India, BHEL, Wipro, Sun Pharma, Axis Bank and Cipla while Idea Cellular, Bharti Infratel, TCS, IndusInd Bank, HUL, Tata Motors, tata Steel, Bosch, and Bajaj Finance were the key stocks that declined.
On Monday, the State Bank of India (SBI) has reduced its lending interest rate by 30 basis points (bps) to 8.65 per cent, effective January 1, 2018, according to media reports.
The SBI has also decided to extend its on-going waiver on home loan processing fees till March 31, 2018 for new customers and those interested in switching their existing loans to SBI, reports said.
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