The Indian equity market saw a significant decline following the RBI’s decision to keep key interest rates unchanged for the sixth consecutive time. With the Monetary Policy Committee (MPC) maintaining a “withdrawal of accommodation” stance and focusing on lowering inflation to around 4%, investors grew less optimistic about an imminent rate cut. The BSE Sensex closed 1% lower at 71,428.43, while the Nifty50 ended at 21,717.95, down 0.97%. Heavy profit booking in rate-sensitive sectors, especially private banks, intensified after the RBI’s announcement, leading to a sell-off. Foreign institutional investors sold shares worth ₹4,934 crore during the day.
Domestic Equities Tumble as RBI Maintains Rates Amid Global Uncertainty
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