Stock Market Today, February 6: The start of Nifty50 and Sensex in Thursday’s market is expected to be strong due to global positive signals. At 6:33 am, Gift Nifty Futures were traded at 23,804 with a gain of 31 points, indicating positive opening for the Indian market.
In Wednesday’s trading, Sensex declined by 312.53 points, or 0.40% and closed at 78,271.28. At the same time, Nifty50 fell 42.95 points i.e. 0.18% to close at 23,696.30.
Signs from domestic market
The Monetary Policy Committee of the Reserve Bank of India (RBI) can announce the interest rate cut for the first time in about five years on 7 February 2025. Its purpose is to speed up the slowing economy.
Q3 results
Today, many big companies including State Bank of India (SBI), Hero MotoCorp, Bharti Airtel, Britannia and Trent will present their December quarter (Q3) results. In addition, investors will also monitor the results of companies such as Swiggy, Zidas Life and Ge Vernoova.
What is special in the IPO market today?
Solarium Green IPO (SME) and ReadyMix Construction IPO (SME) will open for subscription today.
At the same time, Amwill Healthcare IPO (SME) and Ken Enterprises will enter the second day of IPO (SME) subscription. Chamunda Electricals IPO (SME) will enter its third day.
Global signal
Asia-Pacific markets started firmly on Thursday. The Nikkei index saw a rise of 0.60%, while ASX 200 0.87% and KOSPI showed trading above 0.33%.
American markets also gained momentum. Dow Jones recorded an increase of 0.71%, in which the NVIDIA shares had a boom. S&P 500 rose 0.39% and NASDAQ rose by 0.19%.
NVIDIA shares rose more than 5 percent, as Super Micro Computer has launched its AI data center run by the Blackwell platform of NVIDIA.
Now investors are eyeing the US unemployment figures and the interest rate decision of Bank of England.