Indian benchmark equity indices posted an explosive trading session on Monday as domestic bulls seized control across Dalal Street. Driven by a historic single-day spike in index heavyweight Reliance Industries, cooling international crude oil prices, and strong buying across metal and infrastructure heavyweights, key indices wiped out recent consolidation losses. …
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Dalal Street Bleeds: Sensex Tumbles 429 Points and Nifty Breaches 22,650 as RBI Rate Hike Shakes Markets
Indian equity benchmark indices snapped their two-session winning streak on Wednesday, ending firmly in the red after the Reserve Bank of India’s (RBI) Monetary Policy Committee surprised market participants with a 25 basis point repo rate hike. The 30-share BSE Sensex sank 429.11 points, or 0.59 percent, to settle at …
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North India Statesman