3 weeks ago

Sensex, Nifty end mixed amid RBI policy, Middle East watch

Sensex, Nifty end mixed amid RBI policy, Middle East watch
Stocks to watch: SBI, Ola Electric, LIC among shares in focus today; check list here · livemint.com

Imagine a big scoreboard for companies called the stock market.

In India, the two biggest scoreboards are the Sensex and the Nifty 50.

On Wednesday, August 5, both scoreboards moved just a tiny bit, which people call a muted day.

That happened because the Reserve Bank of India, the bank that takes care of India's money, decided to keep the interest rate the same.

On Thursday, the market also moved only a little because investors were waiting to see if there would be peace in the Middle East.

Many companies shared their report cards, showing how much money they made.

LIC, a big insurance company, earned much more than last year, and companies like Trent and Britannia also did well.

Ola Electric said it wants to work with Axis Energy to build huge batteries that can store power, up to 20 GWh by 2032.

Some companies like Dabur and Alkem Labs received warnings from the US Food and Drug Administration about their factories.

Investors are watching closely 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%)
Sensex close (Aug 6)
78,785, up 0.26%
Nifty 50 close (Aug 6)
24,636, up 0.05%
RBI action
Repo rate left unchanged
LIC Q1 FY27 net profit
₹13,492 crore, up 23% YoY
Trent Q1 FY27 net profit
₹519 crore, up 21% YoY; revenue ₹5,755 crore
Ola Electric MoU
Up to 20 GWh battery energy storage with Axis Energy by 2032

Quotes

Ponmudi R

CEO of Enrich Money

“Indian equity markets are expected to open on a cautious note as developments in the Middle East continue to shape global risk sentiment. GIFT Nifty futures are trading around 24,648 in early trade, marginally above the Nifty's previous close of 24,636, pointing to a largely flat start for domestic equities.”
livemint.com
“"Indian equity markets are expected to trade with a constructive bias, though investors are likely to remain selective as mixed global cues temper optimism over progress toward a Middle East agreement."”
livemint.com

Sources

Related news