Share Market News Today | Sensex, Nifty, Stock Prices LIVE: The Indian stock market is likely to continue posting profits. SGX Nifty hinted at a negative start for domestic stocks, as Nifty futures traded 33 pts lower at the 18719 level on the Singapore Stock Exchange. Global signals were weak as stocks in the Asia-Pacific region fell in morning trade, following losses in the US market. Japan’s Nikkei 225 fell 0.69% in early trading, and South Korea’s Kospi lost 0.47%. Overnight in the US, the S&P 500 lost 1.44%, while the Nasdaq Composite sank 2% and the Dow Jones Industrial Average fell 1.03%. In the previous session, the BSE Sensex fell 208 points to 62,626, while the NSE Nifty 50 fell 58 points to 18,643.
All eyes are on the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting which concludes today. Analysts expect the RBI MPC to announce further repo rate hikes amid elevated inflation, geopolitical tensions and fears of a global recession, on Wednesday, December 7, after the three-day review session has concluded. The consensus among most experts is that the repo rate will increase between 25 and 35 basis points; the repo rate currently stands at 5.9%. RBI Governor Shaktikanta Das will announce the committee’s policy decisions, which will be closely watched by the market for further clues.
Stock Market Today | Sensex, Nifty, BSE, NSE, Stock Prices, Stock Market News Live Updates Dec 7, Wednesday