Market Opens with Minimal Movement

Indian equity benchmark indices, Nifty50 and BSE Sensex, opened with minimal changes in trade on Wednesday, as investors awaited the Reserve Bank of India's monetary policy review decision. At 9:16 AM, Nifty50 was trading at 24,643.20, down 6 points or 0.026%. BSE Sensex was at 80,723.59, up 13 points or 0.017%.

Market experts anticipate sideways trading, with attention focused on the Reserve Bank of India's monetary policy announcement, where rates are likely to remain unchanged.

Global Influences on Indian Markets

US equities finished lower on Tuesday as market participants assessed tariff implications, with companies like Yum Brands highlighting trade duty impacts in their reports. Asian equities showed mixed performance at opening, influenced by soft US services data creating uncertainty about Federal Reserve's strategy.

Commodities and Investments

Gold prices rose for the fifth consecutive session on Wednesday, driven by potential US interest rate cuts, as market participants await President Donald Trump's announcement regarding Federal Reserve appointments. Foreign portfolio investors sold shares worth Rs 22 crore net on Tuesday. Domestic institutional investors were net purchasers, investing Rs 3,840 crore.

(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)

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