Last Updated:June 06, 2025, 09:26 IST
Indian benchmark indices are set to trade cautiously on Friday, as investors brace for a mix of domestic and global triggers
Stock Market Today
Sensex Today: Indian stock markets opened on a muted note today as investors await the Reserve Bank of India’s monetary policy outcome. In early trade, the BSE Sensex was down 84 points, or 0.10%, at 81,358, while the Nifty50 slipped 16 points, or 0.07%, to 24,735.
In the broader market, the Nifty MidCap and Nifty SmallCap indices saw modest gains, advancing 0.22% and 0.26%, respectively.
Among key sectoral indices, the Nifty Auto and Nifty Financial Services were trading lower by up to 0.23%. On the other hand, the Nifty Metal and Nifty Realty indices were up 0.6% each.
RBI MPC Decision in Focus
The RBI is scheduled to announce the outcome of its MPC meeting today. Beyond the expected rate cut decision, investors will closely scrutinize the central bank’s commentary and forward guidance. Having already slashed the repo rate by a cumulative 50 basis points in its February and April policy reviews, the MPC has shifted to an accommodative stance to bolster growth.
With CPI inflation at 3.16%—comfortably within the RBI’s target range—and economic growth still exhibiting fragility, expectations are high for another 25 basis point rate cut in this June review.
Global Cues: US-China Trade Talks and Asia-Pacific Gains
Asian markets were buoyant in early trade after US President Trump and Chinese President Xi held a 90-minute phone conversation on Thursday, reigniting hopes of a resolution to their trade dispute. Trump described the talks as “very good” and hinted at a positive outcome for both nations, with officials set to resume negotiations soon.
In Asian markets, Japan’s Nikkei gained 0.31%, Topix rose 0.45%, Kospi advanced 1.49%, and Australia’s ASX200 inched up 0.03%.
US stock futures were steady ahead of a key jobs report that could provide fresh insight into the American economy’s health. Overnight, Wall Street indices closed lower, with Tesla shares dragging down broader markets. The S&P 500 lost 0.53%, the Nasdaq fell 0.83%, and the Dow Jones slipped 0.25%.
Meanwhile, the European Central Bank (ECB) reduced its marginal lending rate by 25 basis points to 2.4%—the lowest level since late 2022 and in line with market expectations.
Beyond the RBI’s MPC announcement, investors will also be monitoring India’s foreign exchange data, the US unemployment rate and non-farm payrolls data, and the Euro area’s Q1 GDP growth estimate.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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