On Thursday, the domestic market opened with red marks. Market eyes are at the review meeting of the Reserve Bank of India's Monetary Policy Committee (MPC). The outcome of this will be seen today. The market expects that the Reserve Bank may reduce interest rates to boost growth.
Analysts believe that the Reserve Bank may reduce interest rates by 25 to 35 basis points. Edelweiss said in his note, "MPC had talked of growth in prices in the last meeting with stability, inflation is in control, and there is a possibility of another cut."
There is a weakness in the Asian markets globally. It is believed that after China, trade growth along with the trade war may cause global growth to be shocked. Banking and financial shares at the domestic level have most disappointed. The rupee also slipped to the level of 69.38 with 13 paise weakness.
At 9.30 am, the BSE Sensex was trading at 40,029 level with a weakness of 54 points or 0.14 per cent. At the same time, the Nifty 50 index was recorded at 11,999 with weakness of 23 points or 0.19 percent.
BSE Smallcaps and Midcap Index recorded a decline of half a percent. In addition to BSE FMCG, consumer durables and power index, all sectors were trading in red mark. Oil and Gas and utilities sector dipped more than 1%
On the BSE Sensex, Yes Bank's share fell to Rs 148 with a weakness of 3.11 per cent. IndusInd Bank dropped 2.02 per cent to Rs 1,603.05. State Bank of India, Bharti Airtel and Vedanta's shares broken 1.90 per cent, 1.03 per cent, and percentage respectively.
On the other hand, Power Grid shares increased by 1.63 per cent to Rs 196.25. Hindustan Unilever's share increased by 1.04 per cent to Rs 1,835 Shares of Bajaj Auto, Coal India and HDFC Bank jumped 0.75 per cent, 0.66 per cent and 0.46 per cent, respectively.
Dewan Housing Finance (DHFL) shares dipped to 15 per cent. The shares of DHFL were trading at Rs 94.40. After the default, many rating agencies have reduced the rating of the commercial papers of the company steeped in debt.
On Tuesday, foreign portfolio investors (FPIs) sold very well. During the last session, he sold shares worth Rs 416.08 crores. Similarly, investors of the category of domestic institutional investors (DII) sold shares worth Rs 355.42 crore purely during the Tuesday session.
Analysts believe that the Reserve Bank may reduce interest rates by 25 to 35 basis points. Edelweiss said in his note, "MPC had talked of growth in prices in the last meeting with stability, inflation is in control, and there is a possibility of another cut."
There is a weakness in the Asian markets globally. It is believed that after China, trade growth along with the trade war may cause global growth to be shocked. Banking and financial shares at the domestic level have most disappointed. The rupee also slipped to the level of 69.38 with 13 paise weakness.
At 9.30 am, the BSE Sensex was trading at 40,029 level with a weakness of 54 points or 0.14 per cent. At the same time, the Nifty 50 index was recorded at 11,999 with weakness of 23 points or 0.19 percent.
BSE Smallcaps and Midcap Index recorded a decline of half a percent. In addition to BSE FMCG, consumer durables and power index, all sectors were trading in red mark. Oil and Gas and utilities sector dipped more than 1%
On the BSE Sensex, Yes Bank's share fell to Rs 148 with a weakness of 3.11 per cent. IndusInd Bank dropped 2.02 per cent to Rs 1,603.05. State Bank of India, Bharti Airtel and Vedanta's shares broken 1.90 per cent, 1.03 per cent, and percentage respectively.
On the other hand, Power Grid shares increased by 1.63 per cent to Rs 196.25. Hindustan Unilever's share increased by 1.04 per cent to Rs 1,835 Shares of Bajaj Auto, Coal India and HDFC Bank jumped 0.75 per cent, 0.66 per cent and 0.46 per cent, respectively.
Dewan Housing Finance (DHFL) shares dipped to 15 per cent. The shares of DHFL were trading at Rs 94.40. After the default, many rating agencies have reduced the rating of the commercial papers of the company steeped in debt.
On Tuesday, foreign portfolio investors (FPIs) sold very well. During the last session, he sold shares worth Rs 416.08 crores. Similarly, investors of the category of domestic institutional investors (DII) sold shares worth Rs 355.42 crore purely during the Tuesday session.
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