The trading session on December 6 began with minimal movement as investors awaited the outcome of the RBI Monetary Policy Committee meeting.
The benchmark indices, Sensex and Nifty, experienced slight declines. The Sensex was down 61 points or 0.07% at 81,704.86, while the Nifty was down 19.90 points or 0.08% at 24,688.50.
Auto and FMCG stocks provided support, with Bajaj Auto, Trent, ITC, Eicher Motors, and Power Grid emerging as the top gainers on the Nifty. However, the IT and realty sectors faced pressure after five consecutive days of gains.
Market analysts predict a potential cut in the cash reserve ratio to enhance liquidity, considering the disappointing GDP data for the July-September quarter. As of 9:20 am, market breadth indicated that 1,748 shares advanced, 857 shares declined, and 131 remained unchanged. Investors are closely monitoring the RBI meeting for further market direction.