Stock market slipped further after MPC decisions; Sensex fell 300 points, Nifty reached below 24200
Sensex Opening Bell: Weak since morning, Sensex fell by about 300 points after the RBI Governor's announcement on the decisions taken in the MPC meeting, while Nifty went below the 24,200 level.
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Weakness was seen in the stock market after the Reserve Bank of India (RBI) decided to keep interest rates unchanged and withdraw the soft stance. Weak since morning, the Sensex fell by about 300 points after the RBI Governor's announcement, while Nifty went below the 24,200 level.
Bank, auto, and real estate indices were seen trading with a decline on Thursday. RBI Governor Shaktikanta Das said that the rate-setting panel decided to keep the policy interest rates stable by a majority of 4:2. Das said, 'We are seeing a good coordination between market expectations and RBI policies.
Blue chip equity indices Sensex and Nifty opened lower on Thursday ahead of the Reserve Bank of India's policy meeting. The MPC is expected to maintain the current interest rates today as well. At 9:20 am, the BSE Sensex was trading 320 points or 0.40% lower at 79,151. The Nifty slipped 67 points or 0.28% to trade at 24,230.
