Market wrap: Sensex falls 117 points, Nifty closes below 23,400 after RBI MPC meeting outcome. What lies ahead?
Indian stock markets erased morning gains, with Sensex and Nifty closing lower following the RBI's hawkish stance and a wait-and-watch approach. Despite falling oil prices and Treasury yields, the central bank kept the repo rate unchanged at 5.25%, while the rupee saw a significant gain against the US dollar.
The Economic Times ·