RBI's inflation stance spooked the markets. The absence of any surprise on the rate front cheered the markets, but the fine print especially on inflation, spoilt sentiment. The Nifty shut shop at 5,687, down 56 points, the Sensex shut shop at 18,969 down 181 points.
Experts see further downside and volatility ahead. Rahul Mohindar of viratechindia.com feels the pressure is on the downside and one could still maintain shorts from a Nifty standpoint. He further say, the Nifty may slip to 5,450-5,500.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
