Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
»
1-min read

Sensex, Nifty Start on a Cautious Note Ahead of RBI Policy Outcome

The 30-share index was trading 18.58 points or 0.05 per cent up at 36,995.43; while the broader Nifty slipped 8.55 points or 0.07 per cent to 10,943.05 in morning trade.

PTI

Updated:August 7, 2019, 10:12 AM IST
facebookTwitterskypewhatsapp
Sensex, Nifty Start on a Cautious Note Ahead of RBI Policy Outcome
Representative image.
Loading...

Mumbai: Domestic equity benchmarks BSE Sensex and NSE Nifty started on a cautious note on Wednesday ahead of the outcome of Reserve Bank of India's policy outcome.

The 30-share index was trading 18.58 points or 0.05 per cent up at 36,995.43; while the broader Nifty slipped 8.55 points or 0.07 per cent to 10,943.05 in morning trade.

In the previous session on Tuesday, the 30-share index closed at 36,976.85, up by 277.01 points, or 0.75 per cent, and the Nifty ended 85.65 points, or 0.79 per cent, higher at 10,948.25 points.

Top gainers in the Sensex pack during early trade included Yes Bank, Hero MotoCorp, IndusInd Bank, HUL, PowerGrid, TechM, Infosys and Sun Pharma, rising up to 4 per cent.

While, Tata Steel, M&M, Axis Bank, Kotak Bank and HDFC were among the top laggards, shedding up to 3 per cent.

According to traders, investors were cautious ahead of the central bank's monetary policy outcome.

The Monetary Policy Committee (MPC) headed by RBI Governor Shaktikanta Das will announce the decision of the third bi-monthly policy review of the current financial year around noon, amid expectations of yet another 25 basis points cut in lending rate to boost the slowing economy.

Besides rate cut, the industry also expects the six-member MPC to take steps to improve liquidity situation and also ensure transmission of rate cuts to borrowers by the banks.

Further, market is jittery tracking weakness in other Asian equities amid escalation in trade tensions between the US and China and unabated foreign fund outflow, experts said.

Foreign portfolio investors sold shares worth a net of Rs 2,107.93 crore on Tuesday, while domestic institutional investors (DIIs) bought shares worth Rs 2,289.05 crore, provisional data showed.

Elsewhere in Asia, Hang Seng, Kospi, Shanghai Composite Index and Nikkei were trading in the red in their respective late morning sessions.

On the other hand, bourses on Wall Street ended significantly higher on Tuesday.

The rupee, meanwhile, depreciated 9 paise against its previous close to trade at 70.90 in early trade.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
Indiabulls Hsg 550.75 -0.11
HDFC 2,100.00 -0.84
Reliance 1,278.00 -0.80
Yes Bank 79.45 3.79
HDFC Bank 2,227.70 -0.08
Company Price Change %Gain
SBI 290.95 0.38
Indiabulls Hsg 551.10 -0.04
Yes Bank 79.45 3.79
Maruti Suzuki 5,975.15 2.74
SpiceJet 143.50 3.02
Top Gainers
Company Price Change %Gain
UPL 549.05 4.14
Yes Bank 79.45 3.79
Power Grid Corp 211.15 2.92
Maruti Suzuki 5,975.05 2.73
IndusInd Bank 1,439.10 2.73
Company Price Change %Gain
Yes Bank 79.45 3.79
Power Grid Corp 211.25 2.85
Maruti Suzuki 5,975.15 2.74
IndusInd Bank 1,438.25 2.70
Axis Bank 675.55 1.86
Top Losers
Company Price Change %Gain
TCS 2,165.10 -1.78
Vedanta 144.40 -1.47
HCL Tech 1,062.75 -1.25
BPCL 351.20 -0.92
HDFC 2,100.00 -0.84
Company Price Change %Gain
TCS 2,163.50 -1.87
Vedanta 144.30 -1.54
HCL Tech 1,061.65 -1.37
HDFC 2,098.75 -0.91
Reliance 1,277.40 -0.85

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results