Investors sell off holdings after RBI keeps interest rates unchanged, causing Indian markets to dip.

From Google: 2024-08-08 09:51:25

Indian markets took a hit as investors cashed in after the Reserve Bank of India’s recent decision to keep interest rates unchanged. The Sensex fell by 205.3 points while the Nifty was down by 54.35 points. Tech stocks were hit the hardest, with Infosys down 3% and Reliance Industries falling by 3.5%.

Investors in Indian markets took a cautious approach after the Reserve Bank of India announced its decision to keep interest rates unchanged. The decision led to a sell-off in tech stocks, with heavyweight companies like Infosys and Reliance Industries seeing significant drops in their stock prices. The Sensex and Nifty also experienced declines in response to the news.

The Reserve Bank of India’s decision to keep interest rates unchanged led to a drop in Indian markets as investors reacted by selling off their holdings. The Sensex fell by 205.3 points, while the Nifty was down by 54.35 points. Tech stocks like Infosys and Reliance Industries were among the hardest hit, with both seeing significant declines in their stock prices.



Read more at Google: Indian Markets Dip As Investors Cash In After RBI’s Rate Decision – Finimize