The National Stock Exchange (NSE) Nifty50 index which opened near 12,039.80 at previous trading session closed at the levels of 11,843.75, 177.90 points down. On the other hand, the BSE-SENSEX closed at 39,529.72, 553.82 points down while opening at 40,136.43.
The market saw the biggest intraday fall in year 2019 on yesterday as RBI did not make any announcement to tackle liquidity stress facing by NBFCs. Furthermore, the traders might have chosen to book profits after the announcement of 25 bps cut by the RBI in repo rate and change in policy stance.
Global Update: The major indices of Wall Street rose after a choppy session as investors grew more optimistic on trade after the USA consideration in the delay of Mexican tariffs.
Taking cues from global sentiment and previous domestic trading session, it is expected to see a flat to a negative opening in today’s trading session.