Indian stock market opened in the red before RBI’s monetary policy announcement!
At 9.30 am, the Sensex was trading at 85,248 levels after a marginal decline of 17.32 points or 0.02 per cent. Nifty stood at 26,035.85 after a marginal gain of 2.10 points or 0.01 per cent.
Nifty Bank was trading at 59,304.75 level with a marginal gain of 16.05 points or 0.03 per cent. At the same time, Nifty Midcap 100 index was trading at 60,283.75 level after a slight decline of 16.05 points or 0.03 percent. The Nifty Smallcap 100 index was at 17,535.60 with a loss of 72.25 points or 0.41 per cent.
Market experts said, “Today the market’s focus will be on RBI’s monetary policy. In an environment of low inflation, high growth and falling rupee, more than the rate action, the market will be curious to know what the Governor says about the emerging macro trends. RBI’s action on the liquidity front will also be closely monitored.”
Meanwhile, Eternal, BEL, Maruti Suzuki, Bajaj Finance, Kotak Mahindra Bank, UltraTech Cement and Infosys were the top gainers in the Sensex pack. Whereas Trent, Tata Steel, Bharti Airtel, TMPV and Tech Mahindra were the top losers.
In Asian markets, Jakarta, China and Seoul were trading in the green. At the same time, Japan and Hong Kong were trading in the red.
US markets remained mixed in the last trading session. The Dow Jones Industrial Average fell 0.07 percent or 31.96 points to 47,850.94. At the same time, the S&P 500 index closed at 6,857.12 level after a gain of 0.11 percent or 7.40 points and the Nasdaq closed at 23,505.14 after a gain of 0.22 percent or 51.04 points.
Foreign institutional investors (FIIs) were net sellers on December 4 and sold Indian shares worth Rs 1,944.19 crore. Domestic institutional investors (DIIs) were net buyers on this trading day and purchased shares worth Rs 3,661.05 crore.
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