Stock market today: BSE Sensex and Nifty50, the Indian equity benchmark indices, opened flat in trade on Friday ahead of the RBI monetary policy. While BSE Sensex was in green, Nifty50 was marginally down. At 9:16 AM, BSE Sensex was trading at 81,794.65, up 29 points or 0.035%. Nifty50 was at 24,702.95, down 5 points or 0.022%.
Domestic markets concluded higher amid significant volatility on Thursday, with expectations of continued fluctuations during Friday’s trading session ahead of the RBI policy announcement.
The immediate outlook appears optimistic whilst the levels remain higher than 24,300. The upward trajectory suggests potential movement towards the 25,000 mark in the coming sessions, according to an ET report.
US markets declined on Thursday, affected by UnitedHealth’s sharp drop and technology sector weakness before Friday’s employment report.
Asian markets followed US declines ahead of employment data crucial for Federal Reserve policy decisions.s
Major currencies stabilised following political upheavals in France and South Korea.
FIIs became net buyers at Rs 8,539 crore, whilst DIIs sold shares worth Rs 2,304 crore on Thursday.
FII net short position reduced from Rs 82,563 crore to Rs 45,397 crore between Wednesday and Thursday.