Nifty 50 Slips in Pre-Open Trade as Investors Await RBI Policy Outcome

The Nifty 50 index opened lower by 0.14% in pre-open trade, signaling a cautious start for Indian equities. The decline comes amid mixed global market trends, with Asian indices trading weak after overnight losses in US markets.

Investor focus remains firmly on the Reserve Bank of India’s Monetary Policy Committee (MPC) decision, expected later today. Analysts widely anticipate the RBI to keep the repo rate unchanged at 5.25%, maintaining a neutral stance while balancing inflationary pressures and growth concerns.

Additionally, earnings updates from major companies are expected to influence stock-specific movements, while broader sentiment remains cautious due to global volatility.

Key Highlights

• Nifty 50 down 0.14% in pre-open trade.
• Global cues weak: Asian markets follow US tech-led declines.
• RBI MPC decision awaited; repo rate likely unchanged.
• Investor sentiment cautious, with profit-booking in select sectors.
• Corporate earnings in focus, including auto and steel majors.

Sources: NSE India, Investing.com, Business Standard, Mint