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Sensex Today: Investors are keenly awaiting RBI MPC’s decision on interest rates after two days of discussions, along with commentary on the state of the economy and projections for GDP growth and inflation outlook
Stock Market Today
Sensex Today: Cautiously optimistic, benchmark equity indices BSE Sensex and Nifty50 saw modest gains at market open on Friday, ahead of the critical interest rate announcements by RBI Governor Sanjay Malhotra later in the day.
At the opening bell, the BSE Sensex rose by 87.80 points, or 0.11%, to 78,145.96, while the Nifty50 climbed 35.05 points, or 0.15%, to 23,638.40.
Investors are eagerly awaiting the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) decision on interest rates after two days of discussions, along with insights on the economic outlook, GDP growth, and inflation projections. This will be the first MPC decision to be announced by new RBI Governor Sanjay Malhotra.
Markets are anticipating a 25 basis point repo rate cut, according to a Business Standard poll, marking the first rate reduction in five years.