HomeMarket NewsSensex Today | Stock Market LIVE Updates: Nifty falls 23,300 as market sell-off intensifies
Sensex Today | Stock Market LIVE Updates: The market is trading on a cautious note after the RBI retained its repo rate at 5.25%. The Nifty is trading with gains of around 50 points, with the index chasing the 23,500 mark. The Nifty Bank index is up around 300 points and is now aiming for the 54,700 mark. HDFC Life, Tech Mahindra and Bajaj Finance are the top gainers.
Sensex Today | Stock Market LIVE Updates: The RBI has held the interest rates at 5.25%, in addition to holding the stance at Neutral. The market is under pressure and therefore, is trading cautiously. The Nifty is trading with gains of around 50 points, and 23,500 looks like the primary target. The Sensex is also on a similar footing, trading around 74,500 with gains of 150 points.
As policymakers considered growing global uncertainties and inflation risks, the Reserve Bank of India (RBI) increased its inflation projection for FY27 to 5.1% on Friday, June 5, while maintaining the benchmark repo rate at 5.25%.
The Nifty 50 needs a close above the 23,547 level to register a weekly gain. It is currently 140 points away from those levels. The index has traded in a range throughout the week, despite the extremely volatile periods seen across Tuesday and Wednesday.
The one positive that the bulls can take heart from is that the index managed to arrest a six-day streak of making lower lows on the daily charts and the bulls will now hope that the 23,151 level becomes a near-term base for the index.
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