REUTERS - India's stock markets fell more than 1 percent on Tuesday, led by metals and private sector banks as traders and investors grew concerned after crude resumed its slide.
The broader Nifty ended 1.33 percent lower, while the benchmark BSE Sensex lost 1.15 percent.
Asian shares fell as crude oil prices slid on oversupply fears and after downbeat manufacturing data raised concerns about sluggish global economic growth.
The Reserve Bank of India kept its policy rate on hold at 6.75 percent, opting to wait until after the government's annual budget statement at end-February to decide on whether to cut interest rates further.
(Reporting By Manoj Rawal; Editing by Subhranshu Sahu)
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