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.

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