Share Market Today / Stock market fell before RBI MPC decision, Sensex fell by 100 points

The stock market declined ahead of the monetary policy meeting of the Reserve Bank of India. The Sensex fell 110 points to 77,948.31, while the Nifty closed at 23,566.85. Bharti Airtel, Tata Steel saw a rise, while Power Grid, SBI declined.

Share Market Today: The Indian stock market is witnessing a decline ahead of the meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI). The Sensex of the Bombay Stock Exchange (BSE) is trading with a decline of more than 100 points, while the Nifty of the National Stock Exchange (NSE) is also with a slight decline. The record decline of the Indian rupee against the US dollar is also considered to be the main reason for this slowdown.

Fall in Sensex and Nifty

Investors' concerns are increased in the stock market at this time. The Sensex is trading at 77,948.31 with a decline of 110 points, while it opened at 78,119.60 at the beginning of the day. The Sensex closed at 78,058.16 on the previous trading day. At the same time, the Nifty is also trading at 23,566.85 with a decline of 20 points. It opened at 23,649.50 at the beginning of the day. The market has been declining for two consecutive days.

Performance of major stocks

If we talk about the performance of the stocks, then the shares of Bharti Airtel are seeing a rise of about 4% on the National Stock Exchange (NSE). Apart from this, the shares of Britannia, Tata Steel and UltraTech Cement have also seen a gain of more than 1%.

At the same time, Powergrid performed the worst among the declining stocks, which saw a decline of more than 2%. Apart from this, shares of SBI, ONGC and IT sector have also declined by more than 1%. Shares of the country's leading IT company ITC have also seen a decline of more than 1%.

Impact of possible interest rate cut

There is a possibility of a 0.25% cut in interest rates in the meeting of the RBI's Monetary Policy Committee (MPC). If this cut happens, it will be the first time in the last 56 months that interest rates will be reduced. This decision will have a direct impact on the banking and financial sector, which may lead to instability in the market.

Current market situation

Given the current market situation, investors are advised to be cautious. The direction of the market in the coming days will be decided based on the global economic situation, the position of the rupee against the dollar and the possible decision of the RBI.