The Sensex and Nifty closed marginally lower on April 20 following losses in global equities and hawkish comments by the RBI in the monetary policy committee minutes. The 30-share Sensex ended 11 points lower at 34,415 while Nifty slipped by 1 point to 10,564.
IT stocks led by Tata Consultancy Services (TCS) helped cap losses. TCS surged nearly 7 per cent after its fourth-quarter earnings beat market expectations.
Bond yields spiked today as minutes of the central bank’s policy panel meeting led to the expectations that interest rate will be hiked soon.