Bloomberg
Published Dec 05, 2018 23:47
Updated Dec 06, 2018 00:45
India's Sensex Falls With Asia as State Elections Deter Buying
(Bloomberg) -- India stocks fell, joining markets across Asia, as investors remained risk averse ahead of the outcome of key state elections that may set the tone ahead of the national ballot in 2019.
The S&P BSE Sensex dropped to a one-week low, falling 1 percent to 35,528.63 as of 9:59 a.m. in Mumbai. The NSE Nifty 50 Index slipped 1.1 percent. Markets across Asia traded in the red as the U.S. Treasury yield curve edged closer toward inversion - a sign many investors flag as a risk of an impending recession.
The Reserve Bank of India’s monetary policy committee Wednesday kept its key policy rate unchanged while sticking to its “calibrated tightening” stance that allows it to either hold or increase interest rates. It, however, lowered its inflation forecasts for the second half of the fiscal year and signaled it’s open to adjusting monetary policy if risks of faster inflation don’t materialize.
The Numbers
Strategic View
Written By: Bloomberg
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.