Sensex, Nifty, Share Prices LIVE: The Indian benchmark indices, Sensex and Nifty, trade weak on Thursday. BSE Sensex fell 439.46 pts or 0.55% as at 1.14 pm to trade at 79,028.55, and Nifty 50 dropped by 139.15 pts or 0.57% to trade at 24,158.35. Analysts are focusing on the RBI’s monetary policy decision, expecting the central bank to maintain the current rate of 6.5% due to persistent inflation and liquidity concerns. Madhavi Arora of Emkay Global Financial highlighted the challenges faced by the RBI, including global volatility and domestic inflation. Technical indicators suggest a potential relief rally for the Nifty, supported by the 50-day exponential moving average near 23,980. The India VIX decreased by 13.73%, indicating reduced market volatility. V K Vijayakumar of Geojit Financial Services noted that the RBI’s decision to keep policy rates unchanged was anticipated. He emphasized the Governor’s focus on inflation control for sustained growth. Vijayakumar expects the market’s attention to shift towards the US jobs data and recession concerns, rather than the RBI’s policy, as these factors will likely have a more significant impact on market movements.
Stock Market Live Updates 8 August 2024: Sensex and Nifty trade listlessly; RBI keeps policy rates unchanged
