The Indian benchmark indices were trading marginally lower at 85,187.35 falling 77 points, and the Nifty was trading at 26,014.75 declining 57 points.
Shortly after opening, the indices started trading in green, as the Sensex was trading above 85,200, rising 32 points, and Nifty gained more than 19 points to trade at 26,053.40.
In the 30-share BSE Sensex, among the top gainers were stocks such as Eternal, Infosys, Maruti, Bajaj Finance and Kotak Bank. Meanwhile, the laggards included stocks like Tech Mahindra, Bajaj Finserv, Trent, Adani Ports and NTPC.
In the broader markets, the Nifty Smallcap 50 fell 0.61 per cent and the Nifty Midcap 50 rose 0.06 per cent. Sectorally, the Nifty IT index gained 0.39 per cent and Nifty Media fell 0.49 per cent.
In the pre-open session, at 9:02 AM, the Sensex was trading at 85,056.58, falling more than 208, and the Nifty tested 26,000 falling 47 points at 9:21 AM.
Gift Nifty was trading at 26,189.50, rising above 8 points at 8:47 AM.
Foreign Investors
Foreign Institutional Investors (FIIs) sold equities worth Rs 3,206.92 crore on Wednesday, while Domestic Institutional Investors (DIIs) purchased shares totalling Rs 4,730.41 crore, exchange data showed.
What Are Analysts Indicating?
The Nifty slipped below the 26,000 mark, extending its losing streak to a fourth straight session, as market sentiment tilted firmly towards the bears. Prashanth Tapse, Senior Vice-President (Research) at Mehta Equities Ltd, said persistent FII selling and the rupee’s weakness are keeping investors cautious. He noted that the forthcoming policy decisions from both the Reserve Bank of India and the US Federal Reserve, alongside ongoing geopolitical tensions, may add fresh layers of volatility.
RBI Monetary Policy Committee in Focus
Domestic markets are expected to begin Friday’s trade on a guarded note as participants await the Reserve Bank of India’s Monetary Policy Committee (MPC) decision. RBI Governor Sanjay Malhotra will announce the December policy outcome in the morning, followed by a press conference at noon, both of which will be streamed on the central bank’s official channels.
-
SIR: Uttarakhand starts voter verification for 2003 rolls
-
IndiGo cancels over 400 flights at various airports on Friday
-
The Most Dangerous Eye Mistakes People Make — And What An Expert Wants You To Know
-
RBI MPC Panel Cuts Repo Rates By 25 Bps Amidst Low Inflation, Depreciating Rupee, And Strong GDP
-
NEET PG Counselling 2025 Round 2 Registration Begins Today At mcc.nic.in, Here's How To Apply
