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Sensex And Nifty Open Flat, RBI's Decision Will Determine Market Direction
The market will keep an eye on what Governor Shaktikanta Das says about inflation and what decision is taken regarding the repo rate.
On Wednesday, before the RBI's decision on interest rates, the Sensex opened at 62615 with a fall of 11 points and the Nifty slipped 4 points at 18638. Trading started flat in the market. Today itself, the Reserve Bank will announce the last monetary policy of this year (RBI MPC Meeting). The direction of the market will depend on the decision of RBI.
The market will keep an eye on what Governor Shaktikanta Das says about inflation and what decision is taken regarding the repo rate. On the other hand, SGX Nifty saw a decline of 55 points at this time. There was weakness in the US market. The Dow Jones slipped 350 points, ie 1.03 percent, Nasdaq 225 points, ie 2 percent, and the S&P 500 slipped 1.44 percent. There is a growing possibility that the Federal Reserve (US Federal Reserve) may again make a big hike in the interest rate in next week's meeting.
