Nifty 50 Set for Weak Opening as RBI Policy Decision Looms

Indian markets are bracing for a cautious start this Friday. Gift Nifty traded around 25,585, reflecting a discount of nearly 140 points from the Nifty futures’ previous close. This signals a weak opening for benchmark indices Nifty 50 and Sensex, as global sentiment remains subdued.

The spotlight today is firmly on the RBI Monetary Policy Committee (MPC) meeting. Governor Sanjay Malhotra is expected to announce the decision at 10 AM IST, with consensus pointing to an unchanged repo rate at 5.25%, maintaining a neutral stance. Analysts suggest rate cuts may only follow if growth risks intensify.

Meanwhile, global markets continue to weigh on sentiment. Asian stocks slipped following overnight declines in US markets, where tech heavyweights dragged indices lower. Earnings updates from companies like Tata Motors, Tata Steel, and Shree Cement will also drive stock-specific action today.

Key Highlights

• Gift Nifty down ~140 points, signaling weak open.
• RBI MPC decision at 10 AM IST; repo rate likely unchanged at 5.25%.
• Global cues negative: US tech sell-off, Asian market declines.
• Stock-specific focus: Tata Motors Q3 results, Tata Steel, Shree Cement earnings.
• Investor sentiment cautious, awaiting clarity on monetary policy and global trends.

Sources: Business Standard, Mint, Moneycontrol, Reuters