Stock Market Today LIVE: The domestic benchmark indices opened marginally lower on February 6, with Sensex at 83,249.32 (down 64.61 points or 0.08%) and Nifty 50 at 25,605.80 (down 37 points or 0.14%).
Out of the 16 major sectors, eleven began the day in the red. The broader small-cap and mid-cap indices experienced drops of 0.9% and 0.3%, respectively.
As of 9:18 IST, the Nifty 50 had declined by 0.07% to 25,626.2, while the BSE Sensex fell by 0.01% to 83,313.22.
The Indian stock market was expected to open lower on Friday amid weak global cues, and ahead of the RBI monetary policy later today. The trends on Gift Nifty also signal a negative start for the benchmark indices, Nifty 50 and Sensex today.
Gift Nifty was trading around 25,585 level, a discount of nearly 140 points from the Nifty futures’ previous close.
The Reserve Bank of India (RBI) will announce its monetary policy decision later today. The RBI Governor Sanjay Malhotra-led Monetary Policy Committee (MPC) is expected to keep the repo rate unchanged at 5.25%, with focus likely to be on liquidity management and transmission.
On the global front, Asian markets traded lower and the US stock market declined overnight, dragged by a sell-off in tech stocks on worries over improving AI tools could eat into profit margins across the sector.
Stocks to Watch
The stocks to watch today include Tata Steel, BEML, Shree Cement, Siemens, Kalyan Jewellers India, MRF, Crompton Greaves Consumer Electricals, Kalpataru, Lemon Tree Hotels, Shipping Corporation Of India, Sun TV Network, Whirlpool of India, among others as they will report their Q3 results today.
Moreover, Bharti Airtel, Tata Motors Passenger Vehicles, Hero MotoCorp, Rail Vikas Nigam Ltd (RVNL), Federal Bank, Ultratech Cement, Berger Paints, Physicswallah, FSN E-Commerce Ventures (Nykaa), and other stocks will also be in focus today.
Stay tuned to our Stock Market Today Live blog for the latest updates.
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