Benchmark indices ended lower in the volatile session on June 8.
Benchmark indices ended lower in the volatile session on June 8.
At close, the Sensex was down 294.32 points or 0.47% at 62,848.64, and the Nifty was down 91.90 points or 0.49% at 18,634.50. About 1457 shares advanced, 1994 shares declined, and 106 shares unchanged.
Grasim Industries, Kotak Mahindra Bank, Sun Pharma, Tech Mahindra and Apollo Hospitals were among the top losers on the Nifty, while gainers were NTPC, JSW Steel, ONGC, Power Grid Corp and Larsen and Toubro.
Except power and capital goods, all other sectoral indices ended in the red.
The BSE midcap and smallcap indices fell 0.5 percent each.
Overall, an in-line policy verdict with status quo in policy rate, given the backdrop of El-Nino fears coming to the fore, hawkish global central banks actions and global financial stability risks. While the nudging of Inflation forecast is indeed marginally positive for the markets, the upside risks to Inflation characterized by MPC, continue to exemplify wait and watch and cautious stance of RBI and reflect the probability of an extended pause by RBI. While RBI refrained from giving cues on future course of policy pivot, it continues to reemphasize the goldilocks domestic macros, which give some elbow room to remain dovish and eventually change the policy stance towards the end of the yea
Indian rupee closed marginally lower at 82.57 per dollar against previous close of 82.54.
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