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Benchmarks traded on a volatile note and ended in red with cut of more than one percent taking cues from their key global counterparts that slipped on the back of increased fears of a full-scale global trade war. Selling during the second half pulled the markets lower with Nifty slipping by 125 points, while Sensex managed to hold 33,000 mark. The market breadth was in favour of declines with 3 stocks advancing against four declining ones.
Investors are also awaiting decision on monetary policy by Reserve Bank of India (RBI). The central bank is expected to keep monetary policy steady at its April meeting but shift to a hawkish stance by the end of this year and raise interest rates early in 2019 as inflation pressures build.
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