Market Live Today: Nifty trading near 17600 as RBI keeps rate unchanged
Stock Market Live Today 6 April: Indian stock markets opened lower on Thursday following negative cues from the global markets. The Nifty index opened at 17533.85 levels, down by 23.2 points while Sensex made a negative opening of 62.3 points at 59627.09 levels. The domestic markets turned positive immediately after the RBI policy announcements and are trading above their neutral lines.
Domestic indices were trading lower with marginal cuts in early deals ahead of the Reserve Bank of India’s (RBI’s) monetary policy statement. Investors expected the RBI Monetary policy committee to announce another rate hike of 25 basis points with a likely ‘neutral’ stance.
The market sentiments become positive and erased all early losses after the RBI MPC unanimously decided to keep the policy repo rate unchanged at 6.5 percent, as Governor Shaktikanta Das announced.
The domestic markets are trading positively despite negative cues from global markets. The sentiments are also positive as Fiis are consistently buying in the domestic equity markets. The volatility remains in the markets in the session ahead of the weekly F&O expiry.
Stock Market Live Today
Market Live at 12.15 pm IST, the Indian stock market indices, Sensex and Nifty are trading slightly higher by 0.24 percent and 0.25 percent respectively. The Bank Nifty is trading marginally higher by 0.25 percent at 12.15 pm IST. The broader markets are outperforming their larger peers, as the Nifty mid and smallcap indexes are trading higher by 0.51 percent and 0.55 percent respectively.
Among the sectors, Realty, PSU bank, and Auto are trading higher. The sectors that are trading lower at this moment are IT, and FMCG.
The top-gaining stocks in the Nifty 50 index are Adani Enterprise, Bajaj Finance, and IndusInd Bank and the top losing stocks are HCL Tech, ONGC, and TechM.
The most active stocks in NSE in terms of value are HDFC Bank, Reliance, and ICICI Bank, and in terms of volume SBI, ICICI Bank, and Tata Steel
Global Market Updates
On the global front, Asian markets are trading in the red tracking the negative cues from Wall Street overnight. European stock markets are likely to open flat and volume are expected to be thin ahead of the long weekend. US futures indexes, Dow and Nasdaq futures are trading marginally lower at this moment.
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