Plus   Neg

Sensex Drops Over 200 Points As RBI Holds Rates; Nifty Dips Below 10,050

Indian shares fell notably on Wednesday after the Reserve Bank of India left its key interest rates unchanged, as widely expected, saying the risks are evenly balanced and inflation would be in the region of 4.3 percent to 4.7 percent in the third and fourth quarters of this year.

Weak global cues also weighed on markets as weak commodity prices, worries over a possible U.S. government shutdown and U.S. President Donald Trump's comments that he plan to transfer his country's embassy to Jerusalem dented risk appetite and fueled demand for safe-haven assets.

The benchmark BSE Sensex dropped 205.26 points or 0.63 percent to 32,597.18 while the broader Nifty index ended down 74.15 points or 0.73 percent at 10,044.10.

Vedanta, Eicher Motors, Infratel, Hindalco and Bosch fell 2-4 percent in the Nifty pack, while Maruti Suzuki, Tech Mahindra and Reliance Industries climbed 1-2 percent.

For comments and feedback contact: editorial@rttnews.com

Market Analysis

Follow RTT