MUMBAI, Dec. 6 -- Stock markets ended nearly 1% lower on Wednesday despite the Reserve Bank of India (RBI) keeping key interest rates unchanged and forecasting a drastic reduction in inflation, as weak global cues dragged the Indian markets.
The Sensex ended at 35,884.41, down 249.90 points, or 0.69%, while the Nifty closed at 10,782.90, falling 86.60 points, or by 0.80%.
Rate-sensitive sectors such as banks and autos fell, with the BSE Auto down 2.40% and the BSE Bankex down 1% during the day.
Analysts said investors were disappointed that the cut in inflation forecast by the central bank should have ideally led to a less hawkish monetary policy.
Among global markets, European and Asian stocks fell following a rout on Wall Street, afte...