Sensex cracks 1000 points, Reason for the fall

The BSE Sensex plunged over 1000 points and CNX Nifty declined over 300 points in 2 session after RBI policy.Let me put the reason from both Technical and Fundamental Perceptive 1. Fundamental   RBI pause on further rate cuts: On expected lines, the Reserve Bank of India slashed repo rate by 25 bps, but a cautious stance for the rest of the year weighed on sentiment.The RBI has

Posted in: Technical Analysis