Stock Market LIVE: Sensex, Nifty likely to open flat today 
Stock Market LIVE: Sensex, Nifty likely to open flat today Sensex surged 657 points on Wednesday to reclaim the 58,000-mark today amid positive global cues. The index surged for the second straight session and closed 657.39 points or 1.14 per cent higher at 58,465.97. Nifty rose 197.05 points or 1.14 per cent to end at 17,463.80.
Here's a look at the latest updates of the market action on BSE and NSE today.
10:10 am: RBI keeps key rates unchanged
The Reserve Bank of India (RBI) on Thursday kept the repo rate unchanged at 4 per cent for the 10th time in a row, and will continue with an accommodative stance. Also, it kept the reverse repo rate unchanged at 3.35 per cent.
The MPC meeting, which was slated for February 7-9, 2022, was rescheduled by a day in view of the Maharashtra govt declaring a public holiday on February 7 to mourn the death of legendary singer Lata Mangeshkar.
9:30 am: RBI MPC meet: Governor Shaktikanta Das may hold repo rate, hike reverse repo
The Reserve Bank of India (RBI) may maintain a status quo on key policy rates in its monetary policy review to be announced on Thursday in the backdrop of Budget 2022 and growing inflationary concerns.
The RBI Governor Shaktikanta Das-led Monetary Policy Committee (MPC), however, is likely to change the policy stance from 'accommodative' to 'neutral' and toy with the reverse-repo rate as part of the liquidity normalisation process, experts opine.
9:15 am: Market opening
The benchmark indices opened higher ahead of MPC meeting outcome. At 09:16 hours, the 30-share BSE index was trading 242 points higher at 58,708.17, and the broader NSE Nifty was up 49 points to 17,512.50.
Power Grid was the top Sensex gainer, followed by Infosys, HDFC Bank, Tata Steel, Bajaj Finance and Kotak Mahindra Bank.
Asian Paints and Maruti Suzuki were the top losers.
9:05 am: Global updates
Wall Street jumped on Wednesday, closing sharply higher as megacap growth stocks powered up thanks to a pause in rising interest rates, and upbeat earnings reports also encouraged investors to buy.
The Dow Jones Industrial Average rose 0.86 percent to end at 35,768.06 points, while the S&P 500 gained 1.45 percent to 4,587.18. The Nasdaq Composite climbed 2.08 percent to 14,490.37.
In Asia, the Nikkei Weighted index was up 0.07 per cent and Hang Seng was trading 0.48 per cent lower. Shanghai Composite was down 0.05 per cent.
8:55 am: Pre-market comment by Mohit Nigam, Head - PMS, Hem Securities
Benchmark Indices are expected to open on a flat to positive note as suggested by trends on SGX Nifty. US stock markets closed in green as mega-cap growth stocks powered up thanks to a pause in rising interest rates, and upbeat earnings reports. NASDAQ was up by 2.08% to 14490.37 levels. Asian markets are trading at mix levels as investors await the release of US consumer inflation data. Nikkei gained 0.14%, Shanghai composite down by 0.19%.
Indian markets will be in focus today as the Reserve Bank of India will announce its verdict after a three-day meet on February 10 and it is widely expected to increase the reverse repo rate or the rate at which the central bank borrows short-term deposits from banks by at least 25 basis points.
Results today: Hero MotoCorp, Mahindra & Mahindra, Hindalco Industries, Zomato, ABB India, Aegis Logistics, Amara Raja Batteries, Alembic Pharmaceuticals, BEML, Bharat Forge, Computer Age Management Services, Cummins India, Gujarat Pipavav Port, Gujarat State Petronet, Hindustan Aeronautics, IRB Infrastructure Developers, Indian Railway Finance Corporation, Krishna Institute of Medical Sciences, Dr Lal PathLabs, Mindspace Business Parks REIT, MRF, MTAR Technologies, Novartis India, Page Industries, Quess Corp, Reliance Power, SJVN, Speciality Restaurants, Strides Pharma Science, Sundaram Fasteners, Sunteck Realty, Sun TV Network etc.
On the technical front 17,300 and 17550 are immediate support and resistance in Nifty 50. For Bank Nifty 38,000 and 38,900 are immediate support and resistance respectively.
8:40 am: Rupee update
The rupee declined by 5 paise to close at 74.79 (provisional) against the U.S. dollar on Wednesday amid persistent foreign fund outflows and elevated crude oil prices.
At the interbank foreign exchange, the rupee opened at 74.70 against the American dollar, and later witnessed an intra-day high of 74.68 and a low of 74.87 against the greenback.
8:35 am: FII and DII action
Foreign institutional investors (FIIs) sold shares worth Rs 892.64 crore on February 9, and domestic institutional investors (DIIs) bought shares worth Rs 1,793.35 crore, as per provisional data available on NSE.
8:30 am: SGX Nifty
The Indian equity market is likely to open on a flat note as SGX Nifty was down 41 points at 17,514.
Singapore Nifty (SGX Nifty) is the Indian Nifty index that is traded in On Tuesday, Sensex closed 187 points higher at 57,808 and Nifty rose 53 points to 17,266. In the last three sessions, Sensex lost 1,937 points and Nifty plunged 567 points.the Singapore Stock Exchange and is considered to be the first indication of the opening of the Indian market.
8:15 am: Market on Wednesday
Sensex surged 657 points on Wednesday to reclaim the 58,000-mark today amid positive global cues. The index surged for the second straight session and closed 657.39 points or 1.14 per cent higher at 58,465.97. Nifty rose 197.05 points or 1.14 per cent to end at 17,463.80.
Maruti was the top Sensex gainer, rising over 4 per cent, followed by IndusInd Bank, HDFC Bank, Bajaj Finserv, Titan, Wipro, and Bharti Airtel.
Sun Pharma, ITC and PowerGrid were the only Sensex losers, falling up to 0.72%.and
BSE mid cap and small cap indices rose 298 points and 165 points, respectively.
On the sectoral front, consumer durables led the gains today with their BSE index ending 766 points higher at 43,176.
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