RBI policy slip after markets
The Indian markets ended in red color today, as rate-sensitive areas reacted negatively to the decision of the monetary policy of the Reserve Bank of India. The Central Bank kept the interest rates stable and maintained a neutral stance in line with expectations, but disappointed investors expecting a more dovish signal amid global uncertainty.
Sensex fell 166 points to close at 80,543, while the Nifty slipped 75 points, settled at 24,574 below 24,600.
What was the market dragged?
This and pharma stocks were among the worst artists, about 2%below, hit fresh trade from America
Rate-sensitive areas such as real estate, auto and consumer durable were also reduced.
The broad markets fell to 1.1%with weak, small and mid-cap.
Trump’s tariff threat
US President Donald Trump increased trade tension, warning of “very significant” increase in tariffs on Indian imports within 24 hours due to India’s continuous purchase of Russian oil. Which was added to market gitlers.
Top drag
He was one of the leading lagards on stock senses like Sun Pharma, Tech Mahindra, Bajaj Finance and Infosys.
Expert approach
Vinod Nair of Geologet Financial Services said that while RBI was expected to stance, areas like Pharma took a direct hit with fresh tariff threats.
Technically, the Nifty remains under sale pressure. LKP Securities’ Rupak de and sees below if the index breaks below 24,400, then a significant support level.
Global snapshot
Global markets showed signs of rebirth, with European and Asian indices. Investors are now closely looking at the major US economic data and Fed rate signals.
Commodities and Rupees
Brent crude increased to $ 68.54 behind a surprisingly fall in American inventions.
The Indian rupee helped in the RBI decision, but the external tariff may be volatile due to risks.
All this is now on ET Market Watch. Stay tuned for more updates. I am Neha V Mahajan, signing.