Indian Stock Market Today: Nifty, Sensex, and Top Stocks to Watch
The Indian stock market is expected to be volatile today, with all eyes on the Reserve Bank of India’s (RBI) Monetary Policy Committee meeting. The meeting is scheduled to take place today, and market participants are eagerly waiting for the outcome. The Nifty and Sensex are expected to be influenced by the RBI’s decision on interest rates and other monetary policy measures.
Nifty and Sensex: Current Levels and Trends
The Nifty ended in the red for the eighth consecutive session on Tuesday, largely unchanged, after a volatile and choppy trade driven by monthly F&O expiry. At the close, the Sensex slipped 97.32 points, or 0.12%, to 80,267.62, while the Nifty fell 23.80 points, or 0.10%, to 24,611.10.
RBI Monetary Policy: What to Expect
The RBI’s Monetary Policy Committee is expected to keep the repo rate steady at 5.50% today. However, market participants will be watching closely for commentary on inflation, liquidity, and the rupee. The RBI’s decision will have a significant impact on the Indian stock market, and investors are advised to keep a close eye on the developments.
Top Stocks to Watch
Some of the top stocks to watch today include Pfizer, Newgen Software, Zydus Lifesciences, AGI Infra, and ICICI Bank. These stocks are expected to be in focus due to various corporate actions, such as quarterly results, dividend announcements, and other significant events.
Global Market Trends
The global market trends are also expected to influence the Indian stock market today. The Dow Jones rose about 0.2% to close at a record high, while the S&P 500 added roughly 0.4% and the Nasdaq Composite gained around 0.3%. The Asian markets are also trading mixed, with the Nikkei and Topix indices falling, while the Hang Seng index is trading higher.
Investor Sentiment
The investor sentiment is cautious today, with many investors waiting for the outcome of the RBI’s Monetary Policy Committee meeting. The market participants are also keeping a close eye on the global market trends and the movement of the rupee against the US dollar.
Overall, the Indian stock market is expected to be volatile today, with many factors influencing the market trends. Investors are advised to keep a close eye on the developments and make informed investment decisions.
Company News
Pfizer Inc., the US parent, has secured a three-year reprieve from the tariffs on pharmaceutical imports imposed by US President Donald Trump. Newgen Software has received an adverse judgement from the Qatar Investment & Trade Court, ordering it to pay approximately Rs 12.65 crore ($1.37 million and 200,000 QAR) plus court costs for alleged deficiencies and delays in a project delivery.
Zydus Lifesciences and Sterling Biotech have agreed to extend the closing date for the acquisition of Sterling Biotech’s API business until Dec. 31, 2025. AGI Infra’s arm has secured a construction order worth Rs 325 crore. ICICI Bank has received a show-cause notice from the Mumbai tax body raising a GST demand of Rs 216 crore.
Economic News
The automobile companies are expected to release their September sales data today. The RBI Governor Sanjay Malhotra will release the monetary policy statement at 10 a.m. Prime Minister Narendra Modi will speak at RSS centenary celebrations.
Global News
The S&P 500 futures were down 0.38%. Australia’s S&P/ASX 200 fell 0.19%. Euro Stoxx 50 futures rose 0.13%. Topix fell 1.15%. Nikkei fell 0.82%. West Texas Intermediate crude fell 0.14% to $62.46 per barrel. Spot gold was up 0.16% to $3,865 an ounce.
Currency News
The rupee closed 3 paise weaker at 88.79 against the greenback on Tuesday. It had closed at 88.76 a dollar on Monday. The yield on the 10-year bond ended three points higher at 6.58%.
Investor Tips
Investors are advised to keep a close eye on the developments in the Indian stock market today. The RBI’s Monetary Policy Committee meeting is expected to have a significant impact on the market trends. Investors should also keep an eye on the global market trends and the movement of the rupee against the US dollar.
It is also important for investors to do their own research and analysis before making any investment decisions. They should consider their own risk tolerance and investment goals before investing in the stock market.
Conclusion
In conclusion, the Indian stock market is expected to be volatile today, with many factors influencing the market trends. The RBI’s Monetary Policy Committee meeting is expected to have a significant impact on the market, and investors should keep a close eye on the developments. Investors should also do their own research and analysis before making any investment decisions and consider their own risk tolerance and investment goals.
