A broker reacts as he trades at his computer terminal inside a stock brokerage firm in Mumbai, India, July 23, 2024. REUTERS
Dec 6 (Reuters) – Indian shares fell on Friday after the Reserve Bank of India (RBI) kept interest rates unchanged, citing still-high inflation.
The NSE Nifty 50 (.NSEI), fell 0.3% to 24,625.95 points, as of 10:08 a.m. IST, while the BSE Sensex (.BSESN), lost 0.29% to 81,547.5.
Eight of the 13 major sectors logged losses. The broader, more domestically focused small-caps (.NIFSMCP100), and midcaps (.NIFMDCP100), fell about 0.2% each.
High-weightage financials (.NIFTYFIN), lost 0.5%, while banks (.NSEBANK), shed 0.6%, topping sectoral losses.
The blue-chip Nifty 50 and BSE Sensex (.BSESN), indexes added about 3.3% each in a five-session rally until Thursday, led by a 3.4% jump in financials (.NIFTYFIN), on growing optimism that the RBI will ease monetary policy one way or the other.
(This story has been corrected to say that Sensex lost, not gained, in paragraph 2)
Reporting by Bharath Rajeswaran in Bengaluru; Editing by Sonia Cheema
