The Indian stock market witnessed a weak start to trading today as investors awaited the final decision of the Reserve Bank of India’s Monetary Policy Committee meeting. In the pre-open session, the BSE Sensex inched up close to 100 points and stood at 81,533 as of 9:05 AM. Meanwhile, the NSE Nifty50 traded marginally lower before climbing merely 1 points higher to touch 24,752, during the session.
As markets began trading, the indices took further hits and continued to decline. By 9:17 AM, the Sensex tanked close to 150 points and traded below 81,300, while the Nifty slipped 24 points and stood under 24,750.
On the 30-share Sensex, Tata Steel, IndusInd Bank, NTPC, ITC, and Adani Ports emerged among the gainers. On the other hand, the laggards so far were dominated by Tata Motors, Bajaj Finance, ICICI Bank, Bajaj Finserv, and Sun Pharma.
In the broader markets, the indices traded majorly in green. The Nifty Smallcap50 led and climbed 0.44 per cent in the session so far. Sectorally, the Realty index drove the gains and jumped 0.98 per cent as markets anticipated another rate cut from the RBI MPC today.
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