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Stock Market Today: The market has started flat on the last trading day of the week i.e. Friday. The Sensex slipped 100 points at BSE at around 9.15 am, while the Nifty-50 on NSE is also close to 24730. Market movements are dependent on the RBI’s monetary policy decision, business talks between US China and the attitude of foreign investors. Today, the six member committee of RBI can make important announcements at the repo rate. Investors are watching the decision taken for interest rates.
Dr. Vijay Kumar, chief strategist of Jiojit Investment, says that today the repo rate is possible to cut 25 basis points from the Reserve Bank of India. Here, there is also an IndusInd bank in the shares which are being seen today.
During the initial trade, IndusInd Bank shares saw 1.11 percent, while Tata Steel shares saw a jump of 0.84 percent. At the same time, NTP also climbed 0.52 percent. While the stock of Adani Ports and Special Economic Zone jumped 0.24%, one of the top 5 gainers also rose 0.22 percent shares of Power Grid Corporation of India.
Bashwic market boom
Here, the global market is seeing a boom. On Friday, Nikkei, Japan showed an increase of 0.31 percent, while the topics has increased by 0.45 percent. In ASX 200, 0.03 percent, while Kospi has also jumped 1.49 percent.
Earlier, the continuing decline in the local stock market from the last three trading sessions came to an end on Wednesday and the BSE Sensex was in profit of 261 points. At the same time, the National Stock Exchange’s Nifty rose by 78 points. Between the rise in global markets, buying in major shares like Reliance Industries and HDFC Bank gave the market support.
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