After the announcement of RBI’s monetary policy on Friday, a tremendous rise was seen in the market; However, profit-booking soon began, causing major indexes to fall from their highs. Nifty 50 fell nearly 162 points from its intraday high to below 23,400, while Sensex also witnessed a decline and both the indices closed with losses. The broader market saw mixed trading. The Sensex closed 116 points lower at 74,285, while the Nifty 50 fell 49.85 points at 23,366. On the contrary, buying continued in banking stocks, leading to Bank Nifty rising 188 points to close at 54,496. Midcap and smallcap indices also witnessed pressure; Nifty MidSelect and Nifty Smallcap indices closed down by 0.56% and 0.06% respectively.
today’s profit and loss
Loss in Nifty 50 (-1.86% to -2.95%)
wipro
Trent
Tata Steel
Coal India
Loss in Nifty 50 (1.70% to 2.7%)
Adani Enterprises
HUL
Adani Ports
Bajaj Finance
Metal Stocks (-3% to -6.5%)
Hindustan Zinc
NALCO
Vedanta
Hindalco
Market Infra Shares (-1.36% to -3.78%)
BSE
mcx
angel one
Nippon India Life
Nifty Energy up (2.51% to 7%)
Adani Total Green
Reliance Power
Adani Energy
inox green
Total loss (-5% to -7.5%)
wockhardt
netweb tech
Sterilite Tech
Tejas Networks
Overall Gaining Stocks
Zee Entertainment +7.5%
Paras Defense +6.5%
Greenply Industries +6.35%
TVS Supply Chain +5.55%
Investors appeared a bit cautious after RBI raised inflation estimates for FY27, which put pressure on the market. The decision to keep interest rates at 5.25% was as expected, but RBI comments and rise in inflation expectations put an end to the market’s initial rally.
How was the market’s opening?
RBI has once again not made any change in the interest rates and has kept the repo rate at 5.25%. Furthermore, RBI has maintained ‘neutral’ stance; This means that there are neither signs of interest rates rising right now nor are there any strong expectations of rates falling immediately. The market was expecting this decision, so there was no major shock.
Indian stock markets opened strongly on Friday. BSE Sensex opened at 74,629.94, above its previous close of 74,360.01, while Nifty 50 was trading above 23,450. All major indices were trading in the green during early trading. Maximum buying was seen in IT and healthcare stocks, with Infosys, Tech Mahindra, Max Healthcare and TCS being the top gainers.