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Nifty closes below 16,700; all sectors in red

RBI cited that inflationary pressure may continue while the commodity prices are likely to remain elevated amid the ongoing war as well as the export bans from some countries.   

Rohit Kale 0 1359 Article rating: 5.0

Indices ended nearly at the day’s low while Nifty plunged about 2.29 per cent to close at 16,677. Sensex tanked about 1,306 points amidst RBI’s decision to increase the repo rate by 50 bps.

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