Overview
- The Sensex gained 447.05 points to 85,712.37 and the Nifty rose 152.70 to 26,186.45 after the policy decision.
- The rupee surrendered early strength to close at 89.95 per dollar, down 6 paise on the day.
- Analysts flagged ongoing foreign institutional investor outflows of about Rs 10,400 crore for the week as a drag on risk appetite.
- ICICI Prudential AMC filed its Red Herring Prospectus for an IPO, reserving up to 24.48 lakh shares for eligible ICICI Bank shareholders.
- IndiGo cancelled more than 400 flights across four major airports, and the Centre directed all airlines to adhere to newly imposed fare caps.