Sensex and Nifty declined amid caution ahead of the RBI’s monetary policy announcement and foreign fund outflows. Analyst Kushal Gandhi advises against purchasing LIC and M&M due to weak trends and increased volatility, but recommends purchasing Grasim as its intermediate trend shows signs of improvement.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.