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Markets Flat: RBI Policy & GDP Data Await
4 Jun
Summary
- Benchmark indices closed nearly unchanged due to investor caution.
- Markets await Reserve Bank of India's monetary policy decision.
- Tensions in West Asia continue to influence investor risk appetite.
Indian stock markets concluded Thursday's trading session with little change, as investors maintained a cautious approach. The S&P BSE Sensex saw a marginal increase of 13.84 points, closing at 74,360.01, while the NSE Nifty50 gained 10.95 points, settling at 23,416.55. This muted performance occurred amidst a volatile session influenced by mixed signals from the Middle East and uncertainty surrounding the domestic economic outlook.
Investor sentiment remains on edge ahead of Friday's anticipated Reserve Bank of India (RBI) monetary policy announcement, where the repo rate is expected to remain unchanged at 5.25%. Market participants are also keenly awaiting GDP data to gauge economic health. Geopolitical tensions in West Asia, particularly involving the US and Iran, continue to create concerns over energy supplies and inflation, though a slight moderation in crude oil prices offered some relief.
While benchmark indices showed little movement, broader markets demonstrated strength. The Nifty Midcap 100 and Nifty Smallcap 100 indices both registered gains, indicating sustained investor interest in these segments. Sectors like Media and Consumer Durables emerged as top performers, contrasting with declines in IT and FMCG stocks. The market's direction will likely be shaped by the RBI's policy cues, GDP figures, and ongoing geopolitical developments.
