April 3, 2024: Indian stock market flat; Nifty 50, Sensex slightly lower; Top gainers: Shriram Finance, NTPC, Divi’s Lab, TCS

Photo : Business Line

Sensex, Nifty, Share Prices LIVE: Equity benchmarks BSE Sensex and NSE Nifty closed on a flat note on Wednesday. The BSE Sensex experienced a marginal decline of 27.09 points, or 0.04%, settling at 73,876.82, while the broader Nifty50 lost 18.65 points, or 0.08%, finishing the session at 22,434.65, as per provisional data.

Analysts anticipate consolidation near record highs in Nifty50 and BSE Sensex ahead of the Reserve Bank of India’s (RBI) monetary policy decision and the upcoming corporate earnings season. The RBI is expected to maintain interest rates until at least July, which could influence investor sentiment.

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The day witnessed cautious trading as investors awaited key announcements and developments, leading to subdued market movements. Despite the slight dip, market participants remained vigilant amid ongoing global economic uncertainties and domestic factors impacting market sentiment.

As the RBI's monetary policy decision approaches, market participants are closely monitoring economic indicators and policy statements for insights into the central bank's stance on interest rates and economic recovery measures. Additionally, expectations surrounding the upcoming corporate earnings season are influencing investor sentiment and market dynamics.

Overall, the equity market displayed resilience amid prevailing uncertainties, with investors adopting a cautious approach in anticipation of key events and announcements that could potentially influence market trends and investor sentiment in the near term.