Sensex Today Live Updates : Markets to open higher on firm global cues; All eyes on RBI MPC decision today
₹24,960 crores cumulatively during the last three days. Therefore the largecaps in sectors like financials and IT where FIIs have huge assets under management may underperform. This trend will change when FIIs turn buyers, which is inevitable.
Meanwhile long-term investors can accumulate these high quality largecaps were margin of safety is high in an otherwise highly valued market.There is excessive speculative activity in stocks where the floating stock is very low. Retail investors venturing into these speculative activities is highly risky.Today’s monetary policy meet is not expected to impact the market since any rate action by the MPC is unlikely."--Dr. V K Vijayakumar, Chief Investment Strategist, Geojit Financial ServicesSensex Today Live : ITC, Bajaj Finance, IRB, Dixon, RVNL, are a few stocks likely to be in focus on Friday, 7 June.Sensex Today Live : The Indian stock market indices, Sensex and Nifty 50, are projected to have a flat opening on Friday, as the market awaits the Reserve Bank of India’s (RBI) monetary policy outcome.
The Gift Nifty trends also suggest a flat start for the Indian benchmark index, trading at around the 22,920 level.On Thursday, the domestic equity indices closed on a high note, with the Nifty 50 maintaining above the 22,800 level. The Sensex rose by 692.27 points (0.93%) to close at 75,074.51, while the Nifty 50 increased by 201.05 points (0.89%) to settle at 22,821.40.The Nifty 50 chart formed a small positive candle with upper and lower shadows. “This pattern signifies a high wave type candle pattern, indicating ongoing high market volatility at the highs.
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