RBI Meeting Stock Market: The three -day Monetary Policy Committee (MPC) meeting of the Reserve Bank of India (RBI) has started from today. Before this important economic event, Range-bound trading is being seen in the Indian stock market. Investors are currently vigilant and there is mild weakness in the banking sector.

Nifty 50 top gainers and losquers

Top Gainers:

Stocks like Shriram Finance, Bharti Airtel, Tata Motors, IndusInd Bank and BEL recorded up to 1% in early trade.

Top Loozers:

On the other hand, stocks like Trent, Adani Enterprises, Titan Company, TCS and ICICI Bank saw a decline of up to 1%.

With Sensex and Nifty positive opening

• The Sensex and Nifty on Wednesday started trading with an edge between positive global signals. The US-China is supporting the market sentiments for possible success in business talks.
• Stocks like Bharti Airtel, Tech Mahindra, IndusInd Bank, Maruti, HCL Tech opened in the Green Zone on the Sensex.
• While TCS, UltraTech Cement, ICICI Bank, Sun Pharma and Titan saw an initial decline.
• Sectoral trend: Auto, IT and FMCG boom
• Except for Nifty Oil and Gas, all the major sectoral index started in the green mark.
• The Nifty Auto, FMCG and IT sector recorded a rise of up to 0.55% during early trade.

Vigilance in the market, investors are waiting for RBI’s decision

The decision of RBI’s monetary policy meeting will be announced on June 6 at 10 am by RBI Governor Sanjay Malhotra. The market is currently dependent on whether there will be any cut in the repo rate or not. In such a situation, light voliticity and limited movements are being seen in the market.