Stock Market Today: Nifty 50, Sensex snap two-day winning run ahead of key macro numbers
Retail inflation likely rose near 6% in November; should investors be worried? Besides, investors also await India's industrial production prints for October. The index of industrial production, or IIP, may come at 10 per cent against 5.8 per cent in September.
Globally, investors await US CPI for November which will give a cue on the US Fed's next move on the monetary policy. The United States Federal Reserve's two-day monetary policy meeting starts today.
Fed Chair Jerome Powell will announce the central bank's rate decision on Wednesday, December 13. After the RBI's status quo on policy rate and stance, the US Fed is also expected to keep interest rates steady in the current 5.25-5.50 per cent range.
Also Read: US Fed meet this week: Cooling inflation, resilient jobs market - will Fed hold rates steady? Nifty 50 closed at 20,906.40, down 91 points, or 0.43 per cent while the Sensex ended at 69,551.03 with a loss of 378 points, or 0.54 per cent. (More to come)Milestone Alert!
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