Home / Markets / News / Indices cap weekly gains as RBI lowers growth outlook: Nestle falls 1%

Indices cap weekly gains as RBI lowers growth outlook: Nestle falls 1%

Lacklustre global cues and a weak rupee also soured risk appetite, traders said

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Nestle India was the top laggard in the Sensex pack, declining 1.97 per cent, followed by SBI, HDFC Bank, ICICI Bank, Axis Bank, Titan, HUL and Reliance Industries

Press Trust of India Mumbai

2 min read Last Updated : Jun 04 2021 | 10:27 PM IST

Equity indices treaded lower on Friday, weighed by banking, energy and FMCG stocks, after the RBI left interest rates unchanged but slashed the GDP growth estimate for this fiscal following the second wave of Covid-19.

Lacklustre global cues and a weak rupee also soured risk appetite, traders said.

The 30-share BSE Sensex ended 132.38 points or 0.25 per cent lower at 52,100.05, a day after closing at its lifetime peak. On similar lines, the broader NSE Nifty slipped 20.10 points or 0.13 per cent to finish at 15,670.25.

Nestle India was the top laggard in the Sensex pack, declining 1.97

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : Reserve Bank of India Markets Sensex Nifty stock market trading monetary policy

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