Closing Bell: Sensex, Nifty lower for second straight session as RBI keeps rates unchanged

At the close of market hours, the Sensex was down 249.90 points or 0.69% at 35884.41, while the Nifty was lower by 80.20 points or 0.74% at 10789.30.

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Market at Close It’s a negative close for the market for the second consecutive session as investors reacted to the stance on interest rates by the Reserve Bank of India. The Monetary Policy Committee (MPC) kept interest rates unchanged, but sharply cut the inflation targets for October-March. 

However, equity benchmarks are off their low points as the Sensex had cracked over 300 points, while the Nifty tested 10,750-mark. 

Selling was visible across all major sectors, with automobiles, banks, consumption, infrastructure, metals, and pharma ending in the red. The Nifty Midcap was down over a percent. 

At the close of market hours, the Sensex was down 249.90 points or 0.69% at 35884.41, while the Nifty was lower by 80.20 points or 0.74% at 10789.30. The market breadth was negative as 799 shares advanced, against a decline of 1,744 shares, while 145 shares were unchanged.

HUL and HDFC were the top gainers, while Sun Pharma, Tata Steel, and Hindalco lost the most.  

source:- Moneycontrol

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