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Benchmark indices ended marginally lower on Thursday braced for any surprises from major global events including the UK elections, European Central Bank's policy meet and testimony from ex-FBI director James Comey.
Losses were however capped after RBI in its bimonthly policy review yesterday cut its inflation projections and delivered a less hawkish stance. The central bank yesterday kept the repo rate unchanged at 6.25%, in line with Street expectations but reduced the SLR 50 bps to 20, making it easier for the banks to lend.
The S&P BSE Sensex settled the day at 31,213, down 58 points, while
Losses were however capped after RBI in its bimonthly policy review yesterday cut its inflation projections and delivered a less hawkish stance. The central bank yesterday kept the repo rate unchanged at 6.25%, in line with Street expectations but reduced the SLR 50 bps to 20, making it easier for the banks to lend.
The S&P BSE Sensex settled the day at 31,213, down 58 points, while
