new Delhi. Today at 10 am, the Reserve Bank of India will announce the decision of the Monetary Policy. It is possible that there will be no change in policy interest rates. The market is witnessing a slight uptick before the verdict comes. The Sensex and Nifty are trading in the range of 40300 and 11900 points respectively. Even after the verdict, there may be some more movement in the market. On the other hand, TCS is seeing profit booking after continuous rise. While Hindalco and Tata Steel are trading at a rapid pace.
Market in scope
There is not much movement in the stock market before the decisions of the monetary policy. The Bombay Stock Exchange’s flagship index Sensex is trading at 40275.70 points with a gain of 93.03 points. While the Nifty 50, the major index of the National Stock Exchange, is seen trading at 11867.35 points with a slight increase of 32.75 points. BSE Small Cap 25.27 and BSE Mid-Cap are trading at flat level with a gain of 15.13 points. While the foreign investors index CNX Midcap is trading up by 36.80 points.
Sectoral index too cool
On the other hand, the sectoral index is also seeing peace. BSE Auto is trading with a gain of 59.34 points. On the other hand, Bank Exchange 76.15 and Bank Nifty 61.50 are seeing a slight increase. Capital Goods 43.46, Consumer Durables 79.99, BSE FMCG 25.24, BSE Healthcare 79.03, BSE Metal 48.66, Oil & Gas 20.54, BSE PSU 13.57 and Tech Sector are trading marginally up by 3.68 points. While the BSE IT sector is flat with a slight decline of 7.34 points.
Rising and falling shares
First of all, if you talk about rising stocks, then Hindalco Industries is seeing a rise of more than 3%. Tata Steel shares are seeing a gain of 3 per cent. Bharti Airtel shares are up 2 per cent, L&T 1.60 per cent and Mahindra & Mahindra shares are gaining 1.40 per cent. Talking about the declining stocks, Hindustan Unilever 1.01 per cent, Nestle India 0.75 per cent, UPL 0.73 per cent, Reliance Industries 0.67 per cent and Tata Consultancy Services 0.67 per cent.