The frontline indices on the BSE and National Stock Exchange (NSE) opened on a flat word with marginal detrimental bias on Wednesday forward of the end result of the RBI’s Monetary Policy Committee assembly.
At 9:19 am, the S&P BSE Sensex was buying and selling at 55,079.25, down 28.09 factors (0.05 per cent) whereas the Nifty 50 was down 7.70 factors (0.05 per cent) AT 16,408.65.
On the Sensex pack, Tata Steel, NTPC, Tech Mahindra, Axis Bank, Wipro and SBI have been the highest gainers in early commerce whereas Nestle India, Bharti Airtel, Hindustan Unilever, Sun Pharma, Asian Paints and ITC have been the highest laggards.
RBI Governor Shaktikanta Das will give a speech at 10 am immediately to announce the selections taken by the six-member MPC. The rise in rates of interest just isn’t doubtful as Das mentioned on May 23 that the choice could be a “no brainer”.
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