Business

Ahead Of RBI’s Interest Rate Decision, Stock Markets Close Flat Amid Tumultuous Trade

Benchmark stock indices Sensex and Nifty closed flat in a tumultuous trade on Wednesday, as investors remained cautious ahead of RBI’s interest rate decision on Thursday.

The 30-share BSE Sensex dropped 34.09 points or 0.05 percent to 72,152. During the day, it peaked at 72,559.21 and dropped to 71,938.22.

The Nifty closed up 1.10 points or 0.01 percent to 21,930.50.

JSW Steel, Bajaj Finance, Axis Bank, and Asian Paints were the top gainers.

Among the laggards were Tech Mahindra, Power Grid, Infosys, Tata Consultancy Services, HDFC Bank, Wipro, Larsen & Toubro, and NTPC.

In Asian markets, Seoul and Shanghai closed in the positive zone, while Tokyo and Hong Kong closed in the negative.

Brent crude gained 0.66 percent to USD 79.11 per barrel.

European stocks were largely trading lower.

The US markets concluded higher on Tuesday.

According to exchange data, Foreign institutional investors (FIIs) acquired securities worth Rs 92.52 crore on Tuesday.

On Tuesday, the Sensex surged 454.67 points or 0.63 percent to 72,186.09, while the Nifty moved 157.70 points or 0.72 percent to 21,929.40.

Also read: Zelenskiy Orders The Establishment Of A Drone-Specific Military Force

Spriha Rai

Recent Posts

Jain Acharya Dr Lokeshji Hosts Ramkatha For Global Peace Mission

 Spiritual leaders unite, Jain Acharya organises Morari Bapu's nine-day Ramkatha in Delhi. The event promotes…

2 hours ago

Allahabad HC Slams Police Delay; Orders Timely Reports To Speed Up Bail Hearings

Allahabad High Court criticises police for delaying bail-related reports and orders strict compliance to prevent…

2 hours ago

PM Modi Urges Bengal BJP MPs To Boost Outreach On Voter List Revision

PM Modi instructs Bengal BJP MPs to intensify outreach on voter list revision and focus…

3 hours ago

Adani Foundation’s Arthik Azadi Films Celebrate Women’s Everyday Empowerment

Adani Foundation’s Arthik Azadi films showcase women claiming financial independence, making everyday choices, and transforming…

4 hours ago

PM Modi Reaffirms Commitment To Divyang Inclusion On International Day For PwD

On International Day for PwD, PM Modi and President Murmu highlight dignity, equality, and inclusive…

5 hours ago

IndiGo Operations Hit Hard As Pilot Shortage Disrupts Flights

Pilot shortage at IndiGo has led to widespread flight cancellations and long delays, further worsened…

6 hours ago