new Delhi. The stock market is witnessing a day before the Reserve Bank of India’s monetary policy meeting. Sensex where life time has gone down by more than 100 points. While the Nifty 50 is holding on more than 14750 points. According to experts, the meeting of the RBI MPC is very important after the budget. Common people will be very keen on this. The RBI can take strict decisions in this and can also change the interest rates. At the same time, market investors will also keep a close eye on this meeting. According to experts, after the market is at its highest level, it is bringing itself to light correction mode.
Pressure on Sensex and Nifty
Today, both the indices of the stock market are under pressure. The Bombay Stock Exchange’s leading index Sensex is trading at 50,143.40 points with a decline of 112.35 points. On the other hand, Nifty 50, the major index of the National Stock Exchange, is trading at 14,768.40 points with a decline of 21.55 points. BSE Small Cap 89.02, BSE Mid-Cap 81.19 and Foreign Investors Index CNX Midcap are trading at a modest gain of 20.10 points.
Big fall in banking sector
Where the banking sector is seeing profit recovery. On the other hand, there is a booming environment in the auto oil sector. Talking about the first declining sectors, Bank Exchange is trading with a decline of 487.01 points and Bank Nifty by 416.60 points. While consumer durables 148.68, BSE Healthcare 35.93, BSE IT 51.98 and BSE Tech are trading down by 22.95 points. On the other hand, BSE Auto is trading with a gain of 260.13 and Oil and Gas 236.61 points. BSE Metal 67.28, BSE FMCG 55.85, Capital Goods 47.48 and BSE PSU are trading up by 40.87 points.
Oil companies’ shares rise
Today, oil companies are witnessing a boom in stocks. ONGC is trading 4.28 per cent, Mahindra and Mahindra 3.55 per cent, Hero MotoCorp 2.68 per cent, Hindalco Industries 2.29 per cent and Indian Oil Corporation 2.01 per cent. On the other hand, IndusInd Bank is down 2.46 per cent, ICICI Bank 1.66 per cent, Axis Bank 1.49 per cent, Tata Steel 1.36 per cent and HDFC Bank 1.19 per cent.