The National Stock Exchange (NSE) Nifty50 index which opened near 12,052.65 at previous trading session closed on a lower note near 12,021.65, 66.90 points down. During its trading session, it touched the intraday low of 12,005.85.
On the other hand, the BSE-Sensex which opened near 40,196.00 at previous trading session closed 184.08 points down at 40,083.54.
Policy Update: The slowdown of 5.8 percent to 20-quarter low in Q4FY19 and the inflation of 4 percent under RBI target are major reasons that pointing towards a rate cut in monetary policy Committee meeting which will be concluded on today.
Taking cues from previous trading sentiment ad Monetary Policy meeting ahead, it is expected to see a flat to a negative opening in today’s trading session. However, the market could go in either direction later in the session.