Sensex grounded after seven days

At last, the benchmark Nifty grounded seven days winning streak due to profit booking in technology, telecom, metal, oil & gas and power sectors.

The Reserve Bank of India (RBI) has increased repo rate by 25 bps to 6% and reverse repo rate by 50 bps to 5% to contain rising inflation. This action reflected in the market and made an end into the red region.

At 03:30pm the Sensex closed at 19435, down by 67 points and the Nifty was at 5831, down by 29 points.


Regards,
Free Indian Stock Tips Team