RBI MPC outcome drags Sensex 166 pts,Nifty below 24,600

The Indian benchmark indices slipped for a second straight session on Wednesday as banking and other rate-sensitive stocks weakened following an RBI decision to hold rates and retain a neutral policy outlook,amid global trade uncertainty.At close, the Sensex was down 166.26 points or 0.21 percent at 80,543.99, and the Nifty was down 75.35 points or 0.31 percent at 24,574.20. About 1292 shares advanced, 2594 shares declined, and 144 shares unchanged, according to information.
Asian Paints, HDFC Life, Trent, Adani Ports and Bharat Electronics were the top gainers on the Nifty, while losers included Wipro, Sun Pharma, Jio Financial, IndusInd Bank, Tech Mahindra.On the sectoral front,except PSU Bank (up 0.6 percent), all other sectoral indices ended in the red with Information Technology, Media, Realty, Pharma, FMCG down 1-2 percent.The BSE midcap and smallcap indices down 1 percent each.
Rupee Close:
On 6 Aug'25,the Indian rupee rupee appreciated 15 paise to close at 87.73 against the U.S. dollar in early trade on Wednesday amid a weakening greenback as markets awaited the outcome of the Reserve Bank’s MPC meet.However, a rise in global Brent crude prices and FII outflows capped further gains in the local unit, forex traders said, adding that markets continued to wait for the outcome on the U.S. tariffs.
Trading Guide:
Market experts recommended five shares to buy on Wednesday-Kamat Hotels (India), Igarashi Motors India, Sterlite Technologies, Yatharth Hospital & Trauma Cre Srvcs, and UNO Minda.

(Business Correspondent)