Read more about Market Ahead Podcast, June 4: Top factors that could guide markets today on Business Standard. PNB, Bank of India, Bharat Forge, Jubilant Pharmova and NIIT are among 34 companies slated to post their quarterly numbers today
Read more about Sensex drops 132 pts after RBI policy outcome; banks drag on Business Standard. The domestic equity benchmarks ended with small losses on Friday, tracking negative global cues. The Nifty settled above the 15,650 mark after hitting a record high of 15,733.60 in morning trade. Banks shares corrected after the Reserve Bank of
The key equity indices reversed gains and slipped into the negative terrain in mid-morning trade. The Nifty held above the 15,700 mark. The RBI maintained status quo with respect to key policy rates in its latest monetary policy announced today. IT shares rose for second day.
At 11:24 IST, the barometer index, the S&P BSE Sensex, was down 141.16points or 0.27% to 52,091.27. The Nifty 50 index added 36.65 points or 0.23% to 15,653.70. The Nifty hit a record high of 15,733.60 in morning trade. In broader market, the S&P BSE Mid-Cap index gained 0.06% while the S&P BSE Small-Cap index rose 0.42%.
The market breadth was positive. On the BSE, 1635 shares rose and 1262 shares fell. A total of 149 shares were unchanged.
After a two-day hiatus, the stock market bulls look set to return to the Street, with 50-pack Nifty poised to make a dash for another record high, buoyed by firm cues from global peers. The session, however, could witness high volatility on account of weekly expiry. At 7.30 am, SGX Nifty was trading 80 points higher at 15,710. Stock-specific moves, Covid-19 related updates and crude price movement could further sway market mood. On the global market front, Wall Street s main indexes posted slim gains on Wednesday ahead of key U.S. economic data due later in the week as investors weighed inflation concerns and a fresh surge in so-called meme stocks.