The Sensex started 43.69 points lower at 76,489.27, while the Nifty saw a marginal decline of 5.30 points, opening at 23,157.80. Among Nifty 50 companies, 35 stocks advanced, 15 declined, and one remained unchanged.
The US Federal Reserve has decided to maintain its key interest rate unchanged, holding the target range for the federal funds rate at 4.25 per cent to 4.5 per cent.
The Federal Open Market Committee (FOMC) of the US Federal Reserve is expected to keep interest rates unchanged in its policy announcement on Wednesday night (IST), according to a report by ICICI Bank.
Among the Nifty 50 stocks, 34 registered advances, 15 recorded declines, and 2 remained unchanged. The top gainers included Bajaj Auto, Cipla, Infosys, BEL, and Shriram Finance, while HDFC Life, JSW Steel, NTPC, Hindustan Unilever, and Nestle India were the top losers.
England continued the trend of announcing the playing XI on the day before the T20I. The Three Lions are on the cusp of losing the T20I series after ending up on the losing side in the first two games.
Despite the marginal uptick, investor sentiment remains cautious amid global and domestic concerns. Of the Nifty 50 companies, 27 saw advances, 22 registered declines, and two remained unchanged in early trade.
The central government has kept the interest rates unchanged on various small savings schemes for the January-March quarter of Financial year 2024-25, according to an official notification from the Ministry of Finance.
The GST rate on popcorn remains unchanged following the recent GST Council meeting. A request from the State of Uttar Pradesh sought clarification regarding the classification and GST rate applicable to popcorn mixed with salt and spices.
Strong foundations for high growth can be secured only with durable price stability, the monetary policy committee of Reserve Bank of India emphasized before keeping the policy rate unchanged in the latest meeting.
The Reserve Bank of India (RBI) decided to keep the repo rate unchanged at 6.5 per cent for the 11th consecutive time, marking a continuation of its neutral monetary policy stance. The RBI downwardly revised GDP forecast for 2024-25 to 6.6 per cent from 7.2 per cent earlier.