MARKET LIVE: Sensex tanks 2,700 pts ahead of RBI meet, European mkts tumble

Ali Corbett

Indian benchmark indices were being investing about eight for each cent reduced, dragged down primarily by lender stocks, on Monday as sell-off resumed soon after a day’s halt.

The uncertainity about the result of the coronavirus epidemic retained investor sentiment in check even though the US Federal Reserve reduce curiosity costs to near-zero on Sunday in an additional unexpected emergency go to assistance shore up the US economy amid the rapidly escalating international coronavirus pandemic. Examine More

The Reserve Lender of India (RBI) is anticipated to maintain a media conversation at four PM now. It is extensively anticipated that the central lender will reduce costs and announce measures to boost sentiment. Examine More

The S&P BSE Sensex was down two,750 points, or eight.05 for each cent, at 31,350 degrees. Index-heavyweight HDFC slipped about 7 for each cent soon after foremost Friday’s rebound rally. State Lender of India was also down

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