Brake on decline, 160 points Sensex, but 8% breaks down Aditya Birla fashion

Stock Market Today: The market started with the Green Zone on the third trading day of the week. The Sensex rose 160 points on BSE at around 9.15 am amidst the rise in the global market. While the Nifty is open above 24,550. However, Aditya Birla Fashion shares lost 8 percent. Today the shares on which there will be a special focus is AB Fashion, Tata Tech, Indegene and Alkem Lab.

Big fall a day before

A day ago, on Tuesday, there was a big decline in the stock market. The BSE Sensex fell 636 points to 81,000 level. This decline in the market showed all -round selling amidst the withdrawal of capital withdrawal and uncertainty of foreign institutional investors. Investors sold in energy, finance and IT shares. The Nifty closed at 24,542.50 points with a decline of 174.10 points, or 0.70 percent.

Global market boom

The Asian market has seen an increase on Wednesday due to the rise in Wall Street. Such especially the shares of Tech and the shift in the shares of companies making Nvidia Chasi chip. In the US market, Dow Jones climbed 200 points while Nascade also jumped one percent.

RBI MPC meeting from today

The meeting of the RBI Monetary Policy Committee is going to start, in which policy decisions will be discussed. It is believed that after this meeting, which runs from June 4 to June 6, the repo rate can be cut for the third consecutive time from the RBI. In April, the repo rate has been reduced to 6 percent after a cut of .25 percent in April. If it is cut now, then it will be 5.75 percent. If it happens that EMI running on people’s home and loan of vehicles will be reduced and this will be a big relief.

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