Market dips: RBI lending rules drag down financial shares
Indian stock indices started the day in the red this Friday, pressured by a drop in financial shares following the Reserve Bank of India's proposed lending guidelines. The Sensex dropped by as much as 500 points, reaching 78,451, while the Nifty retreated to 24,529. Investor mood was further dampened by the climbing cost of crude oil, fueled by tensions near the Strait of Hormuz. However, gains in the IT sector helped prevent a steeper decline in the overall market.
by shortkt.com✓