Stock Market LIVE Updates: Sensex and Nifty50 likely to open higher today — all eyes on RBI

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Stock Market LIVE Updates

: Indian equity benchmarks BSE Sensex and NSE Nifty50 are likely to start the last session of the week in the green, with the RBI’s Monetary Policy Committee due to announce a key interest rate decision later in the day. Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty index — rose as much as 58 points or 0.3 percent to 17,455 ahead of the opening bell. Analysts in a CNBC-TV18 poll expect the RBI to announce a hike in the repo rate — the key rate at which it lends money to commercial banks — on Friday, having already raised the COVID-era rate by 90 basis points since May.

First Published: Aug 05, 2022, 07:53 AM IST

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