MUMBAI (Reuters) - The BSE Sensex turned negative on on Tuesday afternoon as investors expected another rate hike in the near term to tame inflation, after the Reserve Bank raised key rates by a quarter point in line with market forecast.
Financials led the decline.
At 1:41 p.m. (0811 GMT), the 30-share BSE index was down 0.18 percent at 19,116.22 points, with 14 components declining. It had risen nearly 1 percent earlier in the day.
The 50-share NSE index was down 0.1 percent at 5,736.95.
Financials led the decline.
At 1:41 p.m. (0811 GMT), the 30-share BSE index was down 0.18 percent at 19,116.22 points, with 14 components declining. It had risen nearly 1 percent earlier in the day.
The 50-share NSE index was down 0.1 percent at 5,736.95.
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