Today (December 6), investors in the Indian stock market are waiting for the monetary policy decision of the Reserve Bank of India (RBI). RBI Governor Shaktikanta Das will announce the monetary policy at 10 am. Earlier in the day, the key indices – Sensex and Nifty – were trading on a positive note.
In early trade, the Sensex rose 25 points, while the Nifty slipped below the 24,700-mark. The market is trading in a particular range as a result of mixed cues from global markets.
Regional exposure to the market
Nifty Bank, Financial Services, IT and Realty were in the red, while Auto, Metal, Pharma and FMCG were in the positive terrain. The top losers in the market were ICICI Bank, ITC, Bajaj Finance, Bharti Airtel and Tata Steel, while the major losers were Tata Motors, TCS, Kotak Bank, LT and Infosys.
a series of five sessions
The stock market has performed well in the last five sessions. Investor wealth rose by Rs 15.18 lakh crore during the period. The total market capitalisation of 30 companies listed on the BSE Sensex rose by Rs 15,18, 926.69 crore to Rs 45.81 lakh crore.
The impact of the global market
Today, the trend of selling has been seen in the Asian market, while the US market was down on Thursday. However, foreign fund inflows into the Indian market were positive.
Markets likely to move up after rate hike
After the RBI’s monetary policy decision, the market is likely to see good movement. The future direction of the market will depend on whether interest rates change or not. Investors are eagerly awaiting the announcement.
Given this cautious stance in the stock market, investors will need to keep a close eye on the market changes.
