Financials, consumer stocks drag sensex, Nifty after RBI policy decision
Thursday, 10 August 2023 India's Nifty 50 and the S&P BSE Sensex fell by 0.46% and 0.47%, respectively, pulled down by financial and consumer stocks following the Reserve Bank of India's (RBI) announcement to reduce excess liquidity and because of inflation concerns, respectively. The RBI kept the key repo rate unchanged, but its governor warned about a sharp rise in headline inflation in the near future.
Indian shares fell for the third consecutive week, with financials and consumer stocks leading the losses. The Nifty 50 index ended 0.59% lower at 19,428.30,... IndiaTimes
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Thursday, 10 August 2023
