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Sensex falls for third straight day in a row, loses 575 points at 59,034 points | Oneindia News
Video Credit: Oneindia
Published on April 7, 2022 - Duration: 03:01s
Sensex falls for third straight day in a row, loses 575 points at 59,034 points | Oneindia News
Domestic equities were in the red on Thursday, as investors stayed away due to weak global indications and uncertainty ahead of the Reserve Bank of India's monetary policy announcement tomorrow.
On Friday, the RBI will publish its first bi-monthly interest rate decision, with investors paying close attention to the central bank's revised growth and inflation forecasts.
The RBI may change the phrasing of its "accommodative" position, according to a media article published earlier today.
It may also underline the possibility that the Russia-Ukraine conflict will keep CPI inflation above 6%.
This is higher than the RBI's February forecast of 4.5 percent and the market's forecast of 5.5 percent for the entire fiscal year.
#Sensex #Nifty
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Reserve Bank of India
Central Bank of India
BSE SENSEX
Indian stock market index
Oneindia
Indian online news portal
Consumer price index
Statistic to indicate the change in typical household expenditure
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Ukraine
Country in Eastern Europe
Russia claims its troops have seized control of four more Ukrainian villages as intense fighting continues in the Kharkiv region.
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