Investors Wary Ahead Of RBI MPC's Rate Cut Decision, Sensex Falls Below 81,400, Nifty Nearly Flat

On the Sensex, Tata Steel, IndusInd Bank, NTPC, ITC, and Adani Ports emerged among the gainers, while the laggards so far were dominated by Tata Motors, ICICI Bank, Bajaj Finserv, and Sun Pharma. 

Sectorally, the Realty index drove the gains and jumped 0.98 per cent as markets anticipated another rate cut from the RBI MPC today. 

Source : ABPLIVE AI

The Indian stock market witnessed a weak start to trading today as investors awaited the final decision of the Reserve Bank of India’s Monetary Policy Committee meeting. In the pre-open session, the BSE Sensex inched up close to 100 points and stood at 81,533 as of 9:05 AM. Meanwhile, the NSE Nifty50 traded marginally lower before climbing merely 1 points higher to touch 24,752, during the session.

As markets began trading, the indices took further hits and continued to decline. By 9:17 AM, the Sensex tanked close to 150 points and traded below 81,300, while the Nifty slipped 24 points and stood under 24,750.

On the 30-share Sensex, Tata Steel, IndusInd Bank, NTPC, ITC, and Adani Ports emerged among the gainers. On the other hand, the laggards so far were dominated by Tata Motors, Bajaj Finance, ICICI Bank, Bajaj Finserv, and Sun Pharma. 

In the broader markets, the indices traded majorly in green. The Nifty Smallcap50 led and climbed 0.44 per cent in the session so far. Sectorally, the Realty index drove the gains and jumped 0.98 per cent as markets anticipated another rate cut from the RBI MPC today. 

RBI MPC And Global Markets

VK Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said, "In today’s monetary policy the RBI is likely to cut policy rates by 25 bps. This is already factored in by the market. More important will be the RBI commentary on growth and inflation projections for FY26."

In Asian markets, indices in South Korea and Japan traded higher, while Shanghai's SSE Composite index and Hong Kong's Hang Seng remained marginally lower. The US markets closed trading on Thursday in red. Foreign Institutional Investors (FIIs) dumped Indian equities worth Rs 208.47 crore on Thursday, according to exchange data. The global oil benchmark Brent crude declined 0.29 per cent to touch $65.15 a barrel.