Closing Bell: Sensex Ends 734 pts Higher, Nifty Settles Above 25,000; All Sectors Close In Green

Stock Market Live Updates: Nifty and Sensex remained weak during the opening of Indian stock market today. Earlier, Gift Nifty indicated a gap-up opening of Nifty and Sensex today as the stock market investors continued to remain optimistic ahead of the RBI MPC meeting announcement.

The Indian stock market on Thursday closed on a higher note amid expectations of another repo rate cut by the Reserve Bank of India's Monetary Policy Committee (MPC) and strong global market sentiments.

stock market

During Thursday's stock market trading session, broader market indices outperformed the Nifty Midcap 100 and Smallcap 100. At the same time, most of the small-cap stocks continued their upward rally on Thursday.

The trend of Foreign Institutional Investors (FIIs) inflow reversed for the Indian stock market, as FIIs turned net buyers on Wednesday and pumped around Rs 1,076 crore into Indian equities. Additionally, renewed foreign inflows further provided support to the Indian stock market on Wednesday.

As the RBI MPC meeting concludes on Friday with the announcement related to repo rate in June, Governor Sanjay Malhotra's decision is likely to impact price-sensitive stocks like PSU banks, NBFCs, financial stocks, etc.

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Commenting on the Indian stock market outlook for Friday, Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal Financial Services Ltd said, "we expect markets to consolidate with a positive bias, tracking global markets, macro-economic indicators and progress in US-India trade negotiation."

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