Equity Indices nosedive post RBI policy decision, Sensex down close to 800 points

Bombay Stock Exchange
Bombay Stock Exchange. (File Photo: IANS)

The Indian equity indices plunged during the late afternoon trade session on Friday after the Reserve Bank of India (RBI) changed its policy stance and kept vital benchmark lending rates intact.

Apart from the policy decision, the free-fall in the Indian rupee’s value to over 74 a US dollar eroded investors sentiments.

At 3.15 p.m., the Nifty50 of the National Stock Exchange was trading at 10,338.05 points down 261.20 points or 2.46 per cent from its previous close.

On a similar note, the S&P BSE Sensex which opened at 35,097.99 points was trading at 34,378.65 points down 790.51 points or 2.25 per cent from its previous close.