Sensex, Nifty likely yo open little changed; SBI, Wipro, Indiabulls Real Estate in focus
Episode 270, Jun 07, 2019, 02:19 AM
Indian benchmark indices are likely to open little changed on Friday, tracking flat trades in global markets and after the Reserve Bank of India’s monetary policy decision. The central bank had cut the repo rate by 25 bps and changed its stance to ‘accommodative’ from ‘neutral’.
However, the decision didn’t cheer the markets and Indian benchmark indices BSE Sensex and NSE’s Nifty 50 recorded their biggest one-day loss.
The Sensex ended 554 points lower at 39,530 while the broader Nifty50 index fell 178 points to end at 11,844.
Asian shares traded marginally higher as investors await updates on US-Mexico trade tensions and US jobs data.
At 7.15 AM, SGX Nifty, an early indicator of the Nifty 50's trend in India, traded 21 points, or 0.18 percent, lower at 11,863, indicating a muted start for the Sensex and the Nifty 50.
Stocks to watch: SBI, Wipro, Indiabulls Real Estate in focus.