Indian stocks back in the red despite cenbank rate cut

Financial Post | Mar 27, 2020 at 6:11 AM
  • Indian shares inched back from session highs to fall 1% on Friday even though the country’s central bank unleashed an array of measures to help cope with the economic fallout from the coronavirus pandemic.
  • Both the NSE Nifty 50 index and S&P BSE Sensex began to pare gains as the RBI governor addressed the media.
  • The NSE Bank index which had surged nearly 8% was last up 0.8%.