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Indian Stock Market Update: Nifty50 and BSE Sensex Trade Flat After RBI Announcement
Stock market today: Nifty50, BSE Sensex trade lower after RBI's policy decision to keep repo rate unchanged
Market experts anticipate sideways trading, with attention focused on the Reserve Bank of India's monetary policy. (AI image)
Stock market today: Indian equity benchmarks Nifty50 and BSE Sensex traded flat on Wednesday, following the RBI’s monetary policy announcement and continued foreign fund outflows. As of 10:14 AM, the Nifty50 was down 46.50 points or 0.19%, trading at 24,603.05. While the 30-share BSE Sensex slipped 81.61 points or 0.10% to 80,628.64. At 9:16 am, Nifty50 was trading at 24,643.20, down 6 points or 0.026%. And BSE Sensex was at 80,723.59, up 13 points or 0.017%. Earlier, at the Monetary Policy Committee (MPC) meeting, RBI Governor Sanjay Malhotra announced that the repo rate will remain unchanged at 5.5%. The central bank also retained its GDP growth forecast at 6.5% for the current financial year. Several Sensex firms including Trent, Adani Ports, Bharti Airtel, Kotak Mahindra Bank, ICICI Bank, Maruti, UltraTech Cement, Asian Paints, BEL, and State Bank of India posted gains. While, HCL Technologies, Infosys, Sun Pharmaceuticals, Tech Mahindra, Eternal, Tata Consultancy Services, Mahindra & Mahindra, Bajaj Finance, Reliance Industries, and HDFC Bank were major laggards, reflecting investor concerns amid the ongoing trade discussions.
Market experts had earlier anticipated sideways trading, with attention focused on the Reserve Bank of India's monetary policy announcement, where rates were likely to remain unchanged. US equities finished lower on Tuesday as market participants assessed tariff implications, with companies like Yum Brands highlighting trade duty impacts in their reports. Asian equities showed mixed performance at opening, influenced by soft US services data creating uncertainty about Federal Reserve's strategy. Gold prices rose for the fifth consecutive session on Wednesday, driven by potential US interest rate cuts, as market participants await President Donald Trump's announcement regarding Federal Reserve appointments. Foreign portfolio investors sold shares worth Rs 22 crore net on Tuesday. Domestic institutional investors were net purchasers, investing Rs 3,840 crore. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)

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