Stock market today
:
BSE Sensex
and Nifty50, the Indian equity benchmark indices, erased early morning gains in trade on Thursday after the
Reserve Bank of India
's (RBI) monetary policy decision, where the central bank kept the repo rate unchanged for a sixth consecutive meeting. At 10:23 AM, BSE Sensex was trading at 72,072.84, down almost 80 points of 0.11%.
Nifty50
was at 21,912.55, down 18 points or 0.082%.
The RBI's rate decision was announced at 10:00 a.m. IST. RBI governor Shaktikanta Das said that the Monetary Policy Committee (MPC) decided with a 5-1 majority to keep repo rate unchanged.
From the Sensex pack, Power Grid, HCL Tech, M&M, NTPC, and IndusInd Bank opened higher, while ITC, Maruti, Bajaj Finance, Nestle, and UltraTech Cement opened lower, stated ET in a report.
Rate-sensitive sectors like banking, finance, and auto traded higher in early trade ahead of the RBI's policy decision. However, the Nifty Realty index was in the red.
Among individual stocks, Lupin surged 7% after the drugmaker reported a higher-than-expected rise in December quarter profit, helped by strong demand in North American and domestic markets.
Power Grid Corporation shares rose over 5% after the state-run energy transmission company posted a rise in third-quarter profit, buoyed by strong power demand.
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