Today was a day full of ups and downs in the Indian stock market. Investors on Dalal Street today appeared cautious ahead of the decision of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Friday, June 5. The market remained volatile throughout the day, and at the end, both the benchmark indices closed almost flat, indicating a slowdown.
Sensex closed at 74,360.01 with a marginal gain of 13.84 points. At the same time, Nifty closed at 23,416.55 with a slight gain of 10.95 points. However, the overall market sentiment remained somewhat positive. Today, a total of 2,156 shares registered gains, while 1,852 shares declined. Apart from this, there was no change in 164 shares.
**Waiting for RBI decision**
Market experts believe that investors are currently waiting for the next decision of RBI on interest rates. If the central bank cuts interest rates or signals a positive outlook for the economy, the market may see a fresh rally. For this reason, investors refrained from making big bets, and the market continued to trade in a narrow range.
**Which sectors supported the market, and where pressure was felt?**
Sector wise, a mixed trend was seen in the market today. Strong buying was seen in shares of consumer durables, capital goods, media, pharma, oil and gas, banking and energy sectors, which helped in keeping the market from falling. In contrast, IT and metal stocks witnessed significant weakness; This put pressure on the upward momentum of the market, due to which the indices remained confined to a narrow range.
**Today’s highest profit making and loss making stocks**
In Nifty, Titan Company, Eicher Motors, Coal India, Cipla and Adani Enterprises emerged as the top gainers today. Whereas, the biggest decline was seen in Infosys, Bajaj Finserv, Hindalco Industries, SBI Life Insurance and UltraTech Cement.
**Rise in Midcaps and Smallcaps**
Despite weakness in large-cap stocks, small and mid-cap stocks witnessed strong gains today. Both Nifty Midcap 100 and Nifty Smallcap 100 indices closed with a gain of 0.5 per cent.
