Stock Market Update: The market fell on the eighth day before the announcement of RBI's monetary policy, Sensex fell 170 points

 Share Market Update: At the beginning of the trading session, the 30-share BSE Sensex fell 170 points to open at the level of 56,239.88. Apart from this, the 50-share NSE Nifty Index also started trading by falling.


Share Market Today: The stock market fell for the eighth consecutive day on the last trading day of the week due to fear of increase in interest rate and continuous selling in the monetary policy of the Reserve Bank. On Friday morning, both the major indices opened on the red mark. At the beginning of the trading session, the 30-share BSE Sensex fell 169.81 points to open at 56,240.15. Apart from this, the 50-share NSE Nifty index fell about 20 points to start trading at 16,798.05 points.

Nifty top gainer shares

Seeing the trend of early trading, it is expected that the market may witness a slight uptrend today as the range of decline in the Sensex seems to be decreasing after opening. In the morning, 12 out of 30 Sensex stocks are seen trading on the green mark. The biggest decline of about 1.5 percent was seen in the share of Tech Mahindra. At the same time, the stock of Sun Pharma was trading with a gain of about 1 percent. Shares of HINDALCO, SUN PHARMA, GRASIM and ITC were seen in the top gainers of Nifty. At the same time, TATA MOTORS, HDFC, INFOSYS, HDFC BANK and TECH Mahindra were among the top losers.

Repo rate will increase by 50 basis points!

Let us tell you that the Monetary Review Policy (MPC) is to be announced by the Reserve Bank of India today. The RBI is expected to increase the interest rates by 50 basis points to control the ever-increasing inflation. If the repo rate is increased by 50 basis points by the central bank, then it will increase to 5.90. Earlier, RBI has increased the repo rate by 1.40 percent in three times since May.

US market falls again after a day's rise

On the other hand, after a day's rise, the fall was seen again in the US market. Earlier, the US market had fallen for six consecutive days. Dow Jones fell 458 points in the trading session that closed on Thursday, Nasdaq and S&P 500 also saw increased decline. The Nasdaq fell 2.84 percent while the S&P 500 fell 2.11 percent. The Asian market also started weak on the cues from the global market. SGX Nifty broke down by 100 points and opened near 16,700. Japan's Nikkei also traded with a red mark.

closed with a decline for the seventh consecutive day

Earlier on Thursday, the Indian stock market saw a decline for the seventh consecutive day. With the rise on Thursday morning, the decline in the open market dominated by noon. Investors have adopted a wait and see approach before announcing the monetary policy of RBI. Selling by foreign institutional investors has increased the pressure on the market. At the end of the trading session, the BSE Sensex closed at 56,409.96, down 188.32 points. Similarly, the Nifty of the National Stock Exchange lost 40.50 points to closed at 16,818.10.

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