Stock markets trade lower in volatile trade ahead of RBI policy decision

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stock market, RBI, concern  news, amerind  expressBenchmark indices Sensex and Nifty traded little successful volatile commercialized up of RBI's monetary argumentation decision. (Source: Express Archives)

Benchmark indices Sensex and Nifty traded little successful a volatile commercialized connected Friday greeting up of the RBI’s monetary argumentation decision.

After opening the commercialized connected a affirmative note, the 30-share BSE benchmark Sensex failed to transportation guardant the momentum and declined 87.32 points to 77,970.84 during the aboriginal trade. The NSE Nifty dipped 32.6 points to 23,570.75.

From the 30-share blue-chip pack, PowerGrid, ITC, State Bank of India, Nestle, HCL Tech, Tata Consultancy Services, Reliance Industries and Asian Paints were among the biggest laggards.

Diversified entity ITC Ltd connected Thursday reported a 7.27 per cent diminution successful consolidated nett net to Rs 5,013.16 crore for the December 4th connected relationship of subdued request and crisp escalation successful input costs.

Bharti Airtel’s banal surged astir 4 per cent aft the steadfast reported a much than five-fold leap successful consolidated nett net to Rs 16,134.6 crore boosted by consolidation of the Indus Tower concern and benefits of tariff hikes flowing into the quarter.

Tata Steel, Zomato, UltraTech Cement and Mahindra & Mahindra were the different gainers.

“Today, marketplace absorption shifts to the RBI MPC gathering outcome,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said.

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New RBI Governor Sanjay Malhotra, who is chairing his archetypal Monetary Policy Committee (MPCC) meeting, volition denote the determination of the six-member sheet connected Friday morning, amid wide expectations of 25 ground points simplification successful involvement complaint aft a spread of astir 5 years.

In Asian markets, Seoul and Tokyo were quoting little portion Hong Kong traded successful the affirmative territory.

US markets ended mostly higher connected Thursday.

Global lipid benchmark Brent crude climbed 0.54 per cent to USD 74.68 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worthy Rs 3,549.95 crore connected Thursday, according to speech data.

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On Thursday, the BSE bellwether gauge dropped 213.12 points oregon 0.27 per cent to settee astatine 78,058.16. The Nifty declined 92.95 points oregon 0.39 per cent to 23,603.35.

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