The market is not showing any sign of recovery as it has been falling sharply for third consecutive session.
The 30-share BSE Sensex fell 465.99 points or 1.32 percent to 34,703.17, taking total fall to more than 4,000 points from its record high touched on August 28.
The 50-share NSE Nifty fell 185.20 points or 1.75 percent to 10,414.10.
RBI said while the projections of inflation for 2018-19 and Q1FY20 have been revised downwards from the August resolution, its trajectory is projected to rise above the August 2018 print.
The outlook is clouded with several uncertainties like minimum support price announced by the government, rising crude oil prices, volatility in global financial markets, sharp rise in input costs, fiscal slippage if any and staggered impact of HRA revision by the state governments.
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Source:https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-bse-nse-sensex-sinks-900-pts-rupee-hits-74-for-first-time-as-rbi-holds-rates-3015141.html
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