3 weeks ago

Sensex, Nifty set for muted open amid mixed global cues

Sensex, Nifty set for muted open amid mixed global cues
From Gift Nifty to crude oil prices: 7 key things that changed for Indian stock market overnight · livemint.com

The story is about the stock market in India, which is a place where people buy and sell parts of companies.

On Wednesday, the main Indian stock indexes barely moved, ending the day almost exactly where they started.

That is because the Reserve Bank of India, the country's central bank, decided to keep its key interest rate the same at 5.25%.

The central bank also said it feels confident about India's economic growth.

Around the world, things were mixed: some Asian markets went down, while an American market called the Dow Jones reached a new record high.

The price of oil went down a little because there might be peace talks between Iran and the United States.

These talks might reopen a very important waterway for ships called the Strait of Hormuz.

Many companies in India, including the Life Insurance Corporation of India and Hero MotoCorp, will soon tell everyone how much money they made in the last three months.

Gold prices also went up to their highest level in seven weeks.

Investors are now waiting to see what happens next.

Key facts

Sensex close (Aug 5)
78,581, up 152 points (+0.19%)
Nifty 50 close (Aug 5)
24,624.65, up 10 points (+0.04%)
RBI repo rate
5.25%, unchanged with a neutral stance
Gift Nifty
Around 24,652, a premium of nearly 4 points
Brent crude
$79.08 per barrel, down 0.5%
WTI crude
$74.69 per barrel, down 0.7%
Spot gold
$4,285.69 per ounce, up 1% - highest since June 18
Q1 FY27 results due Aug 6
150+ companies, including LIC, Trent, Britannia Industries, Hero MotoCorp, Emcure Pharmaceuticals and Lupin

Quotes

Ajit Mishra

SVP, Research, Religare Broking

“"Markets traded volatile on Wednesday and ended on a flat note amid mixed cues. After a steady start, the Nifty remained under corrective pressure for most of the session. However, a recovery in the final hour helped trim the losses, with the index eventually settling around the 24,624 mark."”
livemint.com

Sources

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