The benchmark indices, Nifty50 and Sensex, traded higher as investors remained on the sidelines awaiting the outcome of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting. Market participants are closely watching the policy decision and commentary from the central bank for cues on interest rates, inflation, and the economic outlook.
At 9:35 hours, the 30-share benchmark index was trading at 74575.54 up by 215.53 points or by 0.29 % and then NSE Nifty was at 23451.2 up by 34.65 points or by 0.15 %.
Sensex touched intraday high of 74717.57 and intraday low of 74480.73 The NSE Nifty touched intraday high of 23516.35 and intraday low of 23439.3
The top gainers of the BSE Sensex pack were Bajaj Finance Ltd. (Rs. 886.00,+1.38%), Mahindra & Mahindra Ltd. (Rs. 1506.05,+1.28%), Mahindra & Mahindra Ltd. (Rs. 3049.85,+1.16%), Bajaj Finserv Ltd. (Rs. 1729.80,+1.16%), Asian Paints Ltd. (Rs. 2688.95,+1.02%), among others.
The top losers of the BSE Sensex pack were Tata Steel Ltd. (Rs. 207.50,-1.45%), Trent Ltd. (Rs. 2802.20,-1.24%), InterGlobe Aviation Ltd. (Rs. 4482.10,-0.47%), HCL Technologies Ltd. (Rs. 1163.85,-0.40%), Power Grid Corporation of India Ltd. (Rs. 283.70,-0.33%), among others.
Realty index was at 6039.74 up by 78.74 points or by 1.32%. Embassy Developments Ltd. (Rs. 60.95,+3.67%), Phoenix Mills Ltd. (Rs. 1770.85,+2.51%), Lodha Developers Ltd. (Rs. 899.80,+2.04%), Prestige Estates Projects Ltd. (Rs. 1377.60,+1.53%), Sobha Ltd. (Rs. 1360.40,+1.22%),.
Metal index was at 43668.13 down by -253.76 points or by -0.58%. National Aluminium Company Ltd. (Rs. 402.80,-2.69%), Tata Steel Ltd. (Rs. 207.50,-1.45%), Hindalco Industries Ltd. (Rs. 1111.00,-1.31%), Hindustan Zinc Ltd. (Rs. 595.85,-1.31%), Jindal Steel Ltd. (Rs. 1184.10,-1.09%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 3364 , shares advanced were 2263 while 920 shares declined and 181 were unchanged.