Sensex, Nifty close almost flat on global cues, MPC minutes

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.



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