Ahead of Market: 10 things that will decide stock market action on Thursday
stocks. Investors stayed cautious ahead of the Reserve Bank of India's three-day monetary policy meeting, which commenced today, with expectations of an impending rate cut.
The benchmark BSE Sensex lost 312.53 points or 0.40% to close at 78,271.28, while the broader Nifty 50 index closed at 23,696.30, lower by 42.95 points or 0.18%.
Here's how analysts read the market pulse:
The domestic market traded within a narrow range in negative terrain, said Vinod Nair, Head of Research at Geojit Financial Services, adding that the investors are weighing the improved domestic outlook, buoyed by a favourable budget, against lingering global uncertainties stemming from the tariff war.
“While declining U.S. bond yields and lower crude oil prices have supported market sentiment, the rupee's depreciation could offset these gains. Rate-sensitive sectors are attracting attention ahead of a potential RBI rate cut. Meanwhile, large-cap stocks are well-positioned, benefiting from moderation in valuations," Nair added.
US markets
Wall Street was mixed early on Wednesday as attention swung back toward how much profits companies are making and away from President Donald Trump’s tariffs, at least temporarily.
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical
