More than the monetary policy decision, the RBI's assessment of inflation and growth propelled the markets, said experts
Benchmark indices crash 5.5% as FPIs yank out $2 billion
Index down 5.2% in 6 sessions; FPIs tally turns negative for Sep
CLOSING BELL: Among sectors, the Nifty Metal, and PSU Bank indices dipped 2 per cent each, while the Nifty Pharma index gained 0.6 per cent
The Indian equity market is, however, a global outlier and remains firmly in the bull phase - both in local currency and in constant currency terms
After jumping nearly 560 points during the session, the 30-share BSE index ended 37.70 points or 0.07 per cent lower at 57,107.52.
With Monday's fall, the aggregate market capitalisation of all companies listed on the BSE declined by Rs 6.67 trillion to Rs 270.15 trillion
The overall narrative of the market remains weak, especially following the cautiousness ahead of the RBI MPC due later this week, says a market analyst
Indication of further rate hike by the US Federal Reserve, fears of a recession, depreciating rupee and continued tensions in Russia and Ukraine will affect FPI flows, says Basant Maheshwari
The domestic benchmark indices depicted a bearish trend last week amid a global equity market sell-off
Stock markets: Today's decline was the third consecutive fall for the two indices after US Fed's 75 bps rate hike on Wednesday night
In the past one month, Dish TV has zoomed 92 per cent as compared to a 1.2 per cent decline in the S&P BSE Sensex
The Nifty50 index fell 89 points, or 0.5 per cent, to close at 17,630. The India Vix index rose 2.6 per cent to finish at 18.82
Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows
Financials and pharma stocks led the advance amid positive flows from foreign portfolio investors
In the aftermath of the pandemic, the BSE MidCap Index had risen for 14 consecutive weeks, clocking 29% gain
The dollar in the last three sessions rose 0.7 per cent against the rupee
Brokerages are positive given growth prospects, falling debt levels and high dividends
In the broader market, the BSE mid-cap gauge climbed 0.31% and small-cap index advanced marginally by 0.06%
Sensex swings 1,232 points before settling 224 points lower; FPIs pullout Rs 1,400 cr