Indian equity markets erased all morning gains, with benchmark Sensex and Nifty closing in the red following RBI’s hawkish stance, with a wait-and-watch approach offsetting the impact from falling oil prices and Treasury bond yields.
30-share BSE Sensex dipped 116.67 points or 0.16 per cent to end at 74,243.34, while NSE Nifty slipped 49.85 points or 0.21 per cent to close at 23,366.70, respectively.
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