Markets close flat after RBI holds repo rate
after close1 source ↓written by the desknot a recommendation
- The Sensex rose
- 266.47 points
- 83,580.40
- Nifty 50 advanced
- 50.90 points
- 25,693.70
Domestic equity indices ended mostly flat with marginal gains after the Reserve Bank of India kept the policy repo rate unchanged. The Sensex rose 266.47 points to 83,580.40, while the Nifty 50 advanced 50.90 points to 25,693.70. Selective buying in FMCG and private banking stocks helped markets recover from early losses.
• PSU banks, IT, and pharma stocks ended lower
• Gains seen in FMCG, oil and gas, consumer durables, private banks, and realty sectors
Market sentiment remains cautious as the IT sector continues to underperform.
Not investment advice. For informational purposes only.