Markets ended lower reacting on much expected decision of RBI’s MPC on monetary policy rates. The central bank committee kept the rates unchanged as widely expected by the market. Nifty ended the session to close lower following the weak global markets cues at 10073.20. IT stocks were the major gainers of the day while PSU banks and Metal stocks were the major losers of the day.
Global Markets Update
Apple (AAPL) may see up to $47 billion removed from its tax bill if Republicans continue with their current tax reform plan, qualifying it as the biggest beneficiary of the legislation that’s currently working through Congress.
Asian stocks slipped across the board as various factors including weaker metals prices and monetary policy concerns in China soured investor risk sentiment.
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