Sensex, Nifty fall after RBI rate decision; CRR decision hurts bank stocks

The S&P BSE Sensex ended 307.63 points lower, while the NSE Nifty 50 settled 89.45 points lower at 19,543.10.

Benchmark stock markets extended losses at the end of Thursday’s trading session, following the Reserve Bank of India’s monetary policy decision.

The S&P BSE Sensex ended 307.63 points lower, while the NSE Nifty 50 settled 89.45 points lower at 19,543.10. Broader market indices also tumbled, reflecting the weak sentiments on Dalal Street.

Most of the major sectoral indices fell sharply, with the Nifty FMCG the most at 0. 91 per cent. Nifty Media and Nifty Metal were the two indices that ended the session in positive territory.

The top five gainers on the Nifty 50 were Adani Enterprises, Adani Ports, IndusInd Bank, Titan and ONGC. On the other hand, the top drags were Asian Paints, Kotak Mahindra Bank, Britannia, ITC and Nestle India.