Sensex Nifty Today | Stock Market Highlights: The Indian stock market ended in the red today, weighed down by broad-based selling across sectors. Benchmark indices Sensex and Nifty closed lower, dragged by sharp losses in IT and PSU Bank stocks, each shedding around 2%. Most sectors followed suit, with Realty, Auto, and Capital Goods also slipping into negative territory. The only bright spot was the FMCG sector, which managed to hold ground amid the broader weakness. The markets didn’t react much to RBI MPC’s decision to cut interest rate by 25 basis points to 6% and change in policy to stance to ‘Accumulative’. The RBI MPC decided to cut interest rates for the second consecutive policy.
Here are key factors markets will be looking at-
- China releases white paper: China has signalled retaliatory measures to safeguard trade interest. According to recent reports on Xinhua, “it has firmly opposed unilateral, bullying restrictive measures.”
- Trump’s 104% tariff on China: The United States will implement a 104% tariff on China starting at 12:01 AM ET (0401 GMT) on Wednesday. According to a White House official the new tariffs were imposed as Beijing missed Trump’s deadline to lift its retaliatory tariffs on US goods by Tuesday afternoon.
- US markets: The US stock indices once again closed in the red. The Dow Jones Industrial Average fell 320 points, or 0.84%, to end at 37,645.59. The S&P 500 dropped 1.57% to finish at 4,982.77. The Nasdaq Composite declined 2.15%, closing at 15,267.91. The tech-heavy benchmark rose as much as 4.5% earlier in the day.
- RBI MPC: The Reserve Bank of India is expected to cut 25 basis points in key interest rates as inflation is moderating. The decision of the six-member Monetary Policy Committee (MPC) headed by Governor Sanjay Malhotra will be made today at around 10 am.
Share market today live updates: Crude oil prices today
The crude oil prices rose on Wednesday. WTI crude prices were trading at $57.66 down by 3.23%, while Brent crude prices were trading at $61.09 up by 2.75%, on Wednesday morning.
Share market today live updates: Govt. converts spectrum dues to equity
Vodafone Idea converted its spectrum dues into equity. The company allotted Rs 36,950 crore worth of equity shares to the Government of India. Now, the government has emerged as the largest shareholder in Vodafone Idea, holding a 48.99% stake. The allotment involved 3,695 crore equity shares of Rs 10 each, issued at par.
Share market today live updates: Vedanta shares in focus on demerger plans
Vedanta is considering bringing down its proposed demerger into four units, from the originally planned six and later reduced to five, after a corporate tribunal blocked the spin-off of its power business, Talwandi Sabo Power (TSPL), reported ET citing sources familiar with the matter.
Share market today live updates IOC to invest Rs 61,000 crore to set up petrochemical complex
Indian Oil Corporation will invest more than Rs 61,000 crore in setting up a mega petrochemical complex at Paradip in Odisha. The aim is to meet the rising demand for petrochemicals in India. The company signed a memorandum of understanding (MoU) with the Government of Odisha, committing to invest Rs 61,077 crore in the complex.
Share market today live updates: GIFT Nifty lower
The GIFT Nifty indicates that the markets will open on a lower note. It was down 0.96% at 22,381. The Dow futures were trading 1.34% lower at 37,140. The Asian markets also hinted towards a lower start for the Indian indices.