Stock Market LIVE: Indices trading higher, RBI keeps repo rate unchanged at 6.5%
Stock Market Live: Indian stock market indexes opened flat on Thursday, tracking mixed global cues. The Nifty index opened lower by only 1.05 points at 18725.35 levels, while Sensex opened lower by 2.79 points at 63140.17 levels. The Bank Nifty also opened lower by 67 points at 44208.30 levels
RBI Monetary Policy: The Reserve Bank of India (RBI) on Thursday kept the repo rates unchanged at 6.5 percent. This is the consecutive pause in its second bi-monthly monetary policy meeting of FY24 after a rate hike seen in the previous six consecutive policies.
Stock Market Live Today
Market Live at 10.10 am IST, the Indian stock market indices, Sensex and Nifty are trading higher by 0.13 percent and 0.14 percent respectively. The Bank Nifty is trading higher by 0.24 percent at 10.10 am IST. The broader markets are also trading higher following their larger peers, as the Nifty mid and smallcap indexes are trading higher by 0.26 percent and 0.11 percent respectively.
Among the sectors, Energy, Metal, and PSU Bank are trading higher while Realty, IT, and FMCG sectors are trading lower
The top-gaining stocks in the Nifty 50 index are NTPC, JSW Steel, Power Grid, ONGC, and Hero Motorco and the top losing stocks are Eicher Motors, BPCL, Apollo Hospital, Sun Pharma, and Divis Lab
The most active stocks in NSE in terms of value are HDFC Bank, Tata Motors, and Reliance in terms of volume Tata Steel, NTPC, and Tata Motors.
Global Stock Market Live Updates
On the global front, Asian stock markets are mostly trading lower on Thursday after a surprise interest rate hike by the Bank of Canada. Investor’s fear revived that U.S. rates could stay higher for longer and the Fed could remain hawkish in next week’s meeting.
All major Asian market indexes, Nikkei, Hang Seng, Shanghai, and Kospi are trading in the red at 9.45 am IST. The US future indexes, Dow and Nasdaq futures are trading slightly lower at this moment.
Also, read Nifty and Bank Nifty Prediction for Tomorrow 8 June 2023
Stock Market Prediction Next Week (5- 9 June 2023)
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