Taking Stock: ‘Buy on rumors & Sell on news’ scenario played out on D-St post RBI measure

Episode 2354,   Mar 27, 2020, 12:04 PM

Indian markets gave up most of the gains and turned negative after the Reserve Bank of India (RBI0 unveiled a battery of measures to counter a slowdown in the Indian economy amid COVID-19 outbreak.

The S&P BSE Sensex which was up more than 1000 points turned negative once the policy measures were announced while Nifty50 also failed to hold on to 9000 levels and closed below 8700.