On Friday, benchmark stock market indices experienced a decline as investors awaited the Reserve Bank of India’s (RBI) monetary policy announcement.
The S&P BSE Sensex dropped 151.42 points to 74,084.04 at 9:47 am, while the NSE Nifty50 fell 46.40 points to 22,468.25. This decline came amidst high volatility in the broader markets, with investors exercising caution ahead of the central bank’s decision on key rates.
The RBI’s Monetary Policy Committee is anticipated to maintain the key rates unchanged, but market focus remains on the commentary regarding the outlook on inflation and growth. Investors are keen to understand the central bank’s assessment of the current economic scenario and its implications for future monetary policy decisions.
The market sentiment is influenced by the anticipation of the RBI’s stance on key economic indicators, especially amid global economic uncertainties and domestic inflationary pressures. Analysts suggest that any hints of a shift in the RBI’s policy outlook could impact market trends.
As the trading day progresses, market participants are closely monitoring the RBI’s policy announcement and subsequent remarks. The outcome of the policy meeting is expected to provide insights into the central bank’s strategy to support economic recovery while managing inflationary concerns.
Overall, the stock market indices’ decline reflects the cautious approach of investors as they await the RBI’s decision and the subsequent impact on market dynamics.
