Stock market LIVE: Sensex slips 200 pts, Nifty below 24,250 ahead of RBI’s rate cut decision today | News on Markets


Opening Bell: Indian bourses saw a negative open on Wednesday, with BSE Sensex dropping 181 points to 79,286, while the Nifty50 sliding 0.23 per cent or 56 points to 24,240 levels.

Asia-Pacific markets also flashed the red colour on Thursday morning, mimicking the losses from Wall Street. In the US overnight, all three major indices slipped in red with Dow Jones Industrial Average sliding by 0.6 per cent, the S&P 500 dropping 0.77 per cent, and the Nasdaq Composite retreating 1.06 per cent


In Asia this morning, Japan’s Nikkei index declined by 1.88 per cent, while broad based Topix traded by 0.91 per cent lower 


In South Korea, the Kospi stripped 1.42 per cent and the Kosdaq fell 0.78 per cent. Australia’s S&P/ASX 200 dropped by 0.52 per cent.


Further, Hong Kong’s Hang Seng index, too, traded in red and edged down by 0.62 per cent.


Domestically, all eyes are on the Reserve Bank of India’s Governor, Shaktikanda Das, who is set to announce the central bank’s decision on interest rate cut today. The RBI’s Monetary Policy Committee (MPC) convened on Tuesday, August 6, for a three-day session to discuss its monetary policy decision.


Stocks to watch today


NHPC: NHPC’s Q1 consolidated profit grew by 1.2 per cent to Rs 1,108.5 crore, up from Rs 1,095 crore a year ago, but revenue fell 2.3 per cent to Rs 2,694.2 crore from Rs 2,757.3 crore.


NTPC: NTPC Renewable Energy has launched the first 60 MW phase of its 150 MW Gujarat Solar PV project in Radhanpur, Gujarat, bringing NTPC’s total installed and commercial capacity to 76,134 MW.


Abbott India: Abbott India’s profit increased by 13 per cent Y-o-Y to Rs 328.01 crore from Rs 290.2 crore, with revenue up 5.3 per cent to Rs 1,557.6 crore from Rs 1,479 crore.



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