08 august 2024 : Shortly after the Reserve Bank of India (RBI) announced its decision to maintain the repo rate at 6.5 percent for the ninth consecutive time, the equity benchmark indices, Sensex and Nifty, continued to experience a decline on Thursday.
The NSE Nifty 50 index fell by 0.4% to reach 24,199.9, while the S&P BSE Sensex decreased by 0.38% to 79,161.1. Prior to the announcement, both indices had already declined by approximately 0.3%. Following the policy announcement, they further extended their losses to around 0.6% before recovering some of the losses.