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Sensex falls marginally, 10-year yield unchanged


Sensex falls marginally, 10-year yield unchanged
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Sensex falls marginally, 10-year yield unchanged
TNN / Updated: Jun 5, 2021, 06:51 IST
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MUMBAI: The RBI’s decision to revise downward India’s economic growth for the current fiscal to 9.5% from 10.5% impacted investor sentiment on Dalal Street, but the negative sentiment was balanced out by the central bank’s unchanged inflation outlook and the liquidity support. As a result, the sensex on Friday closed 132 points lower at 52,100 with banking and financial services stocks mainly contributing to the day’s loss.
According to Gaurav Dua of Sharekhan, the RBI reaffirmed its commitment to support economic growth as long as necessary while ensuring inflation remains within the 2-6% target range. “The moderation in real GDP estimate to 9.5% from 10.5% to factor in the impact of the second wave of pandemic is also in line with expectations. No wonder, the bond yield ....

Gaurav Dua , Dalal Street , Business News , Liquidity Support , கௌராவ் துவா , தலால் தெரு , வணிக செய்தி , நீர்மை நிறை ஆதரவு ,