Indian share market today, 5 Feb | RBI Monetary Policy

RBI Monetary Policy today 5 Feb| Indian share markets are trading positive, Banking stocks are trading higher

 

Market Live today 5 Feb 11.35 am IST: Indian share markets are trading volatile after the RBI policy outcome but trading above their neutral lines. The RBI governor Shaktikanta Das said the MPC voted unanimously to keep policy rates unchanged. The repo rate is maintained at 4% and the reverse repo rate at 3.35%. As expected RBI also maintained an accommodative policy stance.

At 11.35 am IST, Sensex and Nifty are trading higher by 0.1% and 0.51% respectively and Bank Nifty on the spot price is trading higher by 2.30%.

SBI, Kotak Mahindra, and ITC are trading as the top gainers in the Nifty index whereas Bharti, Tata Motors, and M&M are trading as the top losers in the Nifty index. The most active stocks in the Nifty index at this moment are SBI, Kotak Mahindra, and Tata Motors.

On a sectoral front, Banking, Realt Estate, and Manufacturing sectors are trading higher whereas Automobiles, IT & Software, Telecom sectors are trading lower at 11.30 AM IST.

 

Indian share markets are trading higher, Nifty hits 15000 ahead of RBI policy outcome

 

Indian Market today 5 Feb at 9.45 am: Indian share market opened higher today as indicated by the Asian markets in the morning. Nifty opened at 14952.60 levels, up by 56.95 points. Nifty hits 15000 for the first time after few minutes of trading. Sensex opened at 51031.39 level made a positive opening of 417. 1 point today. Bank Nifty on the spot price opened at 35634.95 levels up by 290.5 points.

At 9.45 am IST,  Nifty and Sensex are trading higher by 0.64% and 0.80% respectively while Bank Nifty on the spot price is trading higher by 3.06%. Indian share market is trading volatile as expected due to RBI Monetary Policy.

 

Indian share market may trade volatile due to RBI Monetary Policy outcome today 5 Feb

 

Good morning and welcome to the Indian share market today, 5 Feb at 8.05 am IST

Asian markets are trading higher today. Nikkei and Hang Seng are trading higher by 1.37% and 1.18% respectively while Shanghai is trading 0.84% up. The SGX Nifty is trading 76 points up at this moment. The indication getting from the Asian markets is positive for the Indian share market today. Indian markets may open higher today but would remain volatile in the morning session due to RBI Monetary policy.

The US markets gained on Thursday after fresh data showed the number of people seeking unemployment benefits declined from the previous week but remain elevated. The S&P 500 hits a record high by gaining 1.09% while Dow and Nasdaq ended higher by 1.08% and 1.23% respectively on Thursday.

European markets mostly closed higher on Thursday as investors hoped for a swifter global economic recovery. FTSE closed marginally lower as heavyweight Unilever disappointed earning results. CAC and DAX ended higher by 0.82% and 0.91% respectively on Thursday.

Indian share market closed higher ahead of RBI monetary policy outcome. The key indices Sensex and Nifty gained 0.71% on Thursday. FIIs were the buyers and DIIs were the seller in the cash market. FIIs bought Rs 1936.74 crore while DIIs sold Rs 768.55 crore in the cash market segment on 4 February.

 

 

News that may impact the Indian share market today 5 Feb

Reserve Bank Of India (RBI’s) Monetary Policy Committee meeting outcome is scheduled today. It is expected that the RBI will maintain the status quo on the interest rate decision and maintain the accommodative stance.

The US unemployment benefits claim declined to 779000 last week. Last week’s total dropped from 812,000 the previous week as the Labor Department said on Thursday. Though this is the lowest in two months the number is still high.

Today’s quarterly results- Britannia Industries, Mahindra & Mahindra, PNB, Cadila Healthcare, Aditya Birla Capital, Gujarat Gas, Jubilant Life Sciences, Pfizer, CG Power, Equitas Holdings, Future Consumer, etc.

You can visit this page again to read more on the Indian share market today, 5 Feb 2021

 

You may also like to read, Bank Nifty Futures | Nifty Futures prediction for 5 Feb 2021

                                          Intraday Trading books to make money from Stock Markets

 

Happy Investing!!

Editor’s Desk