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Sensex, Nifty slip as RBI holds repo rate, rate-sensitive stocks decline
Markets slipped after RBI held the repo rate steady, dragging rate-sensitive stocks, while ICICI Prudential Mutual Fund reopened select international schemes with capped investments.
Indian equity benchmarks Sensex and Nifty slipped after the Reserve Bank of India kept the repo rate unchanged, triggering selling pressure in rate-sensitive stocks. Nifty Auto declined over one percent, while Nifty Bank also moved lower amid cautious sentiment. Separately, ICICI Prudential Mutual Fund has resumed subscriptions in three international schemes, capping investments at ₹2 lakh per PAN to manage inflows and regulatory limits.