Sensex, Nifty end lower as RBI inflation outlook triggers profit booking

The Indian stock market closed lower as the Sensex and Nifty indices declined, triggered by the Reserve Bank of India’s (RBI) inflation outlook. The RBI’s cautious stance on inflation led to profit booking among investors, resulting in a dip in market indices. Despite the overall positive economic environment, concerns about inflationary pressures and potential interest rate hikes weighed on investor sentiment. Analysts suggest that the market may experience short-term volatility as it adjusts to the RBI’s inflation projections. However, the long-term outlook remains positive, supported by strong corporate earnings and economic growth.