InvestorQ : what will be impact of RBI Governors resignation on Nifty & Sense ?
mukhtar made post

what will be impact of RBI Governors resignation on Nifty & Sense ?

Answer
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3 years ago
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Nifty and Sensex are two major Stock Exchange of Indian and not only captures the price of stocks also the sentiment of the economy well. With RBI Governor-Urjit Patel resigning amid of his tenure citing personal reason was a shocking event and so the Nifty and Sensex reacted to similar way. RBI is an independent entity, but due to government revoking Section 7 of the RBI Act was a major rift. This provision empowers the government to issue directions to the RBI.
This ongoing rift between RBI and Government can be a reason for resignation as this is what everyone is speculating. Operation a country's central bank hampers with this resignation that created a havoc in the economy and so Nifty and Sensex get affected too!

NIFTY and SENSEX can further fluctuate with the election result are out in 5 states. 
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3 years ago
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It is not going to be just the RBI governor, but the Election results going against BJP that are going to be a huge factor today.
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