Sensex, Nifty End in the Red After RBI Keeps Repo Rate Unchanged
Major losers on the indices were JSW Steel, Coal India, Bharti Airtel, IndusInd Bank and Tata Steel.
The Indian equity benchmarks erased early gains and ended lower after a volatile session on Thursday, 5 December, as the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.15 percent.
The S&P BSE Sensex fell 0.17 percent to end at 40,779.59 and the NSE Nifty 50 fell 0.21 percent to close at 12,018.40. The broader markets represented by the NSE Nifty 500 Index fell 0.25 percent, BloombergQuint reported.
After slashing key interest rates on five successive occasions, the RBI on Thursday kept the repo rate unchanged at 5.15 percent, following the bi-monthly meeting of its Monetary Policy Committee (MPC).
Besides, the central bank has also slashed the GDP growth projection to 5 percent for the current fiscal year from its previous forecast of 6.1 percent, noting that economic activity has weakened further.
Major gainers on the Nifty were Zee Entertainment, TCS, ITC, L&T and Britannia Industries, while losers were JSW Steel, Coal India, Bharti Airtel, IndusInd Bank and Tata Steel, according to Moneycontrol.
(With inputs from BloombergQuint & Moneycontrol.)
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