New Delhi:
Share Market Opening: Indian stock market started trading on 7 February with positive notes. The Sensex and Nifty 50 saw an initial lead. This fast has come before the announcement of the result of the Monetary Policy Meeting of the Reserve Bank of India (RBI) today. The market hopes that the RBI repo rate can cut 25 basis points (BPS), which will affect the loan and economy.
At 9:10 am, the stock market started trading in the green mark. Sensex (SESEX) opened at 78,119.60 with a gain of 61.45 points (0.079%). The Nifty 50 (NIFTY 50) also opened at 23,649.50 with a gain of 46.15 points (0.20%).
Mixed signs from global market
Indian markets are getting mixed global cues. At the same time, investors are looking at RBI’s monetary policy meeting (RBI MPC meeting). Experts believe that if interest rates are cut, it will be beneficial for the market.
The speed of the stock market will depend on the RBI’s monetary policy review meeting today. If the repo rate is cut, it can be beneficial for both market and economy. Now everyone’s eyes are on the announcement of RBI Governor Sanjay Malhotra.
Market declines last day
Yesterday, on February 6, the market closed down for the second consecutive day on 6 February. Sensex: 213.12 points (0.27%) fell to close at 78,058.16. While the Nifty 50: 92.95 points (0.39%) fell to 23,603.35. In investors, there was a cautious sentiment regarding the meeting of RBI, due to which the market was seen selling.