The key indices of the domestic equity markets plunged after the Reserve Bank of India (RBI) belied investors' expectations of reduction in key lending rates.
Consequently, the two key indices -- S&P BSE Sensex and NSE Nifty50 -- traded deep in the red, just minutes after the RBI came out with its fifth monetary policy review of 2017-18.
The BSE Sensex dropped by almost 200 points, while the wider NSE Nifty50 fell by over 70 points.
Around 2.45 p.m., the wider Nifty50 of the National Stock Exchange (NSE) fell by 71.15 points or 0.70 per cent to trade at 10,047.10 points.
The barometer 30-scrip Sensitive Index (Sensex) of the BSE traded at 32,584.88 points -- down 217.56 points or 0.66 per cent -- from its previous close.
The BSE market was bearish with 1,539 declines and 1,039 advances.
--IANS
ppg-rv/bg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app