Benchmark indices retreat from highs after RBI’s monetary policy review. The Nifty Midcap index continues to trade flat, while the Nifty Smallcap index extends losses from yesterday’s session.
Daily Market Review
The benchmark indices witnessed subdued trading in today’s session in anticipation of the Reserve Bank of India’s bi-monthly monetary policy review meeting outcome. After starting the day on a positive note, the key indices quickly erased all gains and slid into the negative zone. The indices dipped further down after the RBI’s rate cut announcement, to end the day with significant losses. Continue reading “Daily Big Picture – Key Indices Turn Sluggish After RBI’s Rate Cut Announcement”