Sensex, Nifty Fall Over 1% After RBI Announcement

PUBLISHED ON: May 22, 2020 | Duration: 2 min, 07 sec

  
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The S&P BSE Sensex index fell as much as 1.48 per cent - or 458.02 points - to hit 30,474.88, after the RBI announced a 40-basis-point reduction in the repo rate and a three-month extension in the loan moratorium. The broader NSE Nifty 50 benchmark slid to as low as 8,968.55 compared to its previous close of 9,106.25. Market expert Deven Choksey shares his views on what would have cheered the investors, as the country remains in the fourth phase of the lockdown to curb the spread of the coronavirus pandemic.
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