Stock Market Today: Sensex Fell Over 170 Points, Nifty At About 23,750; All Eyes On RBI MPC
Stock Market Today: After a prolonged absence, foreign institutional investors (FIIs) returned as net buyers on Tuesday, acquiring Indian equities worth Rs 809 crore

India's equity benchmarks opened flat on Wednesday as the Reserve Bank of India (RBI) began its three-day monetary policy meeting. Investors are cautious, bracing for a widely anticipated rate cut to boost growth. Amid global trade uncertainties, all attention is focused on the RBI's decision, set to be announced on Friday.
The Sensex fell by 34.84 points, or 0.04 per cent, to reach 78,548.97, while the Nifty rose by 29.65 points, or 0.12 per cent, at 23,768.90. Of the total shares traded, 2,428 advanced, 693 declined, and 116 remained unchanged.
After a prolonged absence, foreign institutional investors (FIIs) returned as net buyers on Tuesday, acquiring Indian equities worth Rs 809 crore. This came after a nearly 2 per cent jump in benchmark indices, driven by the US decision to pause planned tariffs on Canada and Mexico. However, FIIs are still net sellers for February, having sold Rs 4,476 crore worth of Indian shares to date.
V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services, noted, “The uncanny ability of the stock market to surprise was clearly evident in the 1.8 per cent spike in the Sensex yesterday. This sharp rebound in the market reinforces the market wisdom that it is difficult to time the market, and what is important is to spend time in the market. Two factors are influencing the market trend now. One, the market perceives the Trump tariff threats as negotiating tools, which might not lead to a full blown trade war. Two, the potential beneficial impact of the game changing Budget is slowly sinking in the market.”
“The most significant short-term positive for the market is the FIIs turning buyers (Rs 809 crores) in the cash market for the first time since January 2nd. It remains to be seen whether this will become a trend. The decline in the dollar index and the US bond yields are positive. Short covering and actions in the derivatives market will keep the market highly volatile today,” he added.
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