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News Topical, Digital Desk : Stock Market Action: Indian stock markets declined for the sixth consecutive day on September 26. The BSE Sensex fell 733.22 points to close at 80,426.46, while the Nifty 50 index fell 236.15 points to 24,654.70. For the week, the Sensex declined 2.66 percent and the Nifty declined 2.65 percent. Selling by foreign portfolio investors and the Trump administration's announcement of tariff increases on pharmaceutical products negatively impacted investor sentiment.
Stock Market Action: RBI MPC Meeting
Investors will be watching five major triggers in the week beginning September 29th. First, the three-day meeting of the RBI's Monetary Policy Committee (MPC) will begin on September 29th, and on October 1st, RBI Governor Sanjay Malhotra will announce the decision in a press briefing. The decision on interest rates could determine the market's direction.
Share Market: India US Trade Deal Second, progress on the India-US trade deal. The Indian delegation, led by Commerce Minister Piyush Goyal, held talks in the US on September 22-24, where both countries held constructive discussions and agreed to expedite the agreement.
Share Market Action: FII Data Third, FII stance. On Friday alone, FIIs sold shares worth ₹5,688 crore, which kept the market under pressure. Fourth, the Indian rupee. However, the rupee showed a recovery from its record low and strengthened by 4 paise to close at 88.72 per dollar. This was supported by falling crude oil and a weak dollar. Fifth, gold price . Spot gold rose 0.8 percent to $3,778.62 per ounce, while December futures rose 1 percent to close at $3,809. Gold prices have risen 2.5 percent for the week.
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