After a lot of struggling and sluggishness, the market has ended in red. The Nifty closed tad above 8200, down 19.75 points or 0.2 percent at 8201.05 as investors paused a day before the central bank’s decision on policy rates.
The Reserve Bank of India is widely expected to keep its benchmark repo interest rate unchanged at a five-year low of 6.50 per cent. SBI, Tata Motors, GAIL, M&M and L&T were top gainers while Bharti Airtel, Lupin, Maruti, Sun Pharma and Axis Bank were top losers.
Global Markets Update:
Shares rose in Europe and Asia on Monday, helped by commodity stocks as the dollar held close to more than three-week lows hit after surprisingly weak jobs data led investors to rule out a rise in U.S. interest rates this month. The diminishing prospect of a near-term rate hike, which had looked very likely, kept yields on low-risk U.S. Treasuries near lows.
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