Stock market update: The domestic stock market opened with a positive start on Wednesday (5 February) amid a decline in Asian markets. However, the benchmark index and Nifty later slipped into the red mark. Investors are taking a cautious stance between the selling of foreign investors and the trade war in the US-China.
At the same time, after the presentation of the budget (Budget 2025), now the eyes of the investors are on the meeting of the Reserve Bank of India (RBI) on Wednesday, February 5, the six -member Monetary Policy Committee (MPC). The meeting is expected to cut the repo rate for the first time in about five years.
The benchmark index Nifty 50 and the Sensex are currently about 9.7% and 8.6% below 27 September. These have been affected by the constant selling of foreign investors as well as concerns over the quarterly consequences of slow economic and companies.
The Ashi markets rose on Wednesday after the rise in US shares. Wall Street overcame Trump’s tariff and China’s vengeance. At the same time, China has resumed the trade after Lunar New Year.
Focus will be on these stocks today
At the same time, investors on the domestic front will react to the third quarter results of companies like Swiggi, Zidas Life and Cummins. The market will also react to the results of several other companies including Titan, Tata Power, Whirlpool and Railgear Enterprises.
How was the market move on Tuesday?
The major benchmark index BSE Sensex and Nifty climbed around 2% on Tuesday. This is the biggest one -day rally of both benchmarks in the last one month. The Sensex climbed 1397.07 points or 1.81% to close at 78,583.81. The Nifty closes at 23,739.25 with a brilliant strength of 378.20 points or 1.62%.