Share Market News Today | Sensex, Nifty, Share Prices Highlights: Domestic indices ended Thursday’s session in the green territory after the RBI MPC kept the key lending rate unchanged. The NSE Nifty 50 rose 42.10 pts or 0.24% to 17,599.15, BSE Sensex climbed 143.66 pts or 0.24% to 59,832.97 and Bank Nifty advanced 41.85 pts or 0.10% to 41,041.00. The top gainers on Nifty 50 were Bajaj Finance, Adani Enterprises, Tata Motors, Bajaj Finserv and IndusInd Bank. In contrast, the top losers were HCL Tech, ONGC, ICICI Bank, Axis Bank and Titan.
Share Market Today | Sensex, Nifty, BSE, NSE, Share Prices, Stock Market Highlights
The National Stock Exchange has no securities on its F&O ban list for 6 April. According to the NSE, stocks are prohibited in the F&O sector when they have exceeded 95% of the market-wide position limit (MWPL). During the F&O ban period, no new positions are permitted for F&O contracts in that stock.
Foreign institutional investors (FII) net bought shares worth Rs 806.82 crore, while domestic institutional investors (DII) net sold equities worth Rs 947.21 crore on 5 April, according to the provisional data available on the NSE.
The Reserve Bank of India monetary policy committee (MPC) is set to announce the current financial year’s first bi-monthly monetary policy on Thursday, 6 April, concluding a 3-day meeting. Since retail inflation has remained above RBI’s target range of 2-6%, the MPC is expected to hike the interest rate by another 25 bps and take the repo rate to 6.75%. Economists and analysts expect the policy tone to be balanced and current global headwinds may prompt RBI to be cautious and continue with the rate hikes.
The Reserve Bank of India’s (RBI) MPC is expected to raise repo rate by 25 basis points before taking a pause, in the bi-monthly monetary policy to be announced on April 6. “With core inflation still above 6 per cent and the threat of rising food inflation, RBI may hike the repo rate one more time by 25 bps, before hitting the pause button in this cycle,” said Rajani Sinha, Chief Economist, CareEdge. The RBI started its three-day review meeting on April 3. According to experts and economists, this will probably be the last in the current monetary tightening cycle that began in May 2022. In the past one year, the RBI has raised repo rate six times including an off-cycle increase of 40 basis points in May last year. The decision of the six-member panel will be announced by RBI Governor Shaktikanta Das on April 6.
The US market ended the overnight session mostly in red – Dow Jones Industrial Average rose 0.24%, S&P 500 plunged 0.25% and the tech-heavy Nasdaq tumbled 1.07%.
Asian markets were trading in red with Japan’s Nikkei 225 falling 1.08%, Asia Dow dropping 0.48%, South Korea’s KOSPI dipping 0.65%, China’s Shanghai Composite index tumbling 0.42% and Hong Kong’s Hang Seng plunging 0.84%.
The Nifty futures on the Singapore Exchange (SGX) were trading 40 pts or 0.23% lower at 17,584.50 in the early morning trade.