Sensex, Nifty50 extend losses to 2nd straight day after RBI maintains status quo


Domestic equity benchmarks fell on Wednesday after the Reserve Bank of India (RBI) kept key lending rates on hold while maintaining its ‘neutral’ policy stance. Rate-sensitive stocks staged mixed moves with a negative bias, with some sections of the market disappointed with the RBI policy outcome. Both main indices finished lower for a second straight trading session. Investors remained focused on incoming corporate earnings for domestic cues. Globally, investors remained in a cautious mood amid uncertainties around the tariff war and its potential impact on the global economy. 

The Sensex lost 166.3 points, or 0.2 per cent, to end at 80,544 while the Nifty50 gave up 75.4 points, or 0.3 per cent, to settle at 24,574.2, after spending much of the session below the flatline. 

Wipro, Sun Pharma, Jio Financial Services, Tech Mahindra, IndusInd Bank, Infosys and Dr Reddy’s Labs–closing between 1.8 per cent and 2.5 per cent lower–were the worst hit among the 37 losers in the Nifty50 basket. 

On the flipside, Asian Paints, HDFC Life, M&M, BEL and Coal India–rising between 0.7 per cent and 1.9 per cent–were the top gainers in the 50-blue-chip pack. 

 

 



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