Mumbai, Feb. 6 -- The key equity benchmarks traded with small losses in the early afternoon after the Reserve Bank of India (RBI) maintained a status quo in its latest policy announcement. As widely expected by the Street, the Monetary Policy Committee (MPC), chaired by Governor Sanjay Malhotra, retained a neutral stance and left all key interest rates unchanged, keeping the benchmark repo rate steady at 5.25%.
The Nifty traded below the 25,650 mark. PSU Bank shares declined after advancing for previous four consecutive trading sessions.
At 11:28 ST, the barometer index, the S&P BSE Sensex, fell 92.37 points or 0.11% to 83,217.16. The Nifty 50 index fell 46.85 points or 0.18% to 25,595.95.
The broader market underperformed the frontlin...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.