Stock Market Today Dec 05: The Indian stock market, which had been experiencing a strong rally a few days ago, is now under pressure due to several factors. The market opened slightly lower today as investors awaited the Reserve Bank of India’s key interest rate decision. In early trading, the Sensex was down 79 points, or 0.09 percent, at 85,187. The Nifty also saw a marginal decline, falling 12 points or 0.05 percent to 26,021.
Top Gainers and Losers Share Today
The Monetary Policy Committee (MPC) announced repo rate at 10 am after concluding its three-day meeting, keeping traders cautious at the start of the session. Several heavyweight stocks dragged the market down, with Reliance Industries, Tata Steel, Bharti Airtel, Tata Motors Passenger Vehicles, Sun Pharma, and Titan trading in red.
Stock Market Today 05 Dec
Sector-wise, pharmaceutical and metal stocks remained under pressure, with both indices falling by 0.3 percent. However, a surge in real estate stocks led to a 0.28 percent gain in the Nifty Realty index.
Share Market Downfall
Analysts said that market traded cautiously ahead of the RBI’s policy outcome, with investors closely watching the central bank’s comments and the interest rate outlook. The rupee’s recovery from yesterday’s low of 90.42 to 89.97 indicates some stability in the currency market.
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