The Sensex closed 120 points lower noticiaslevante.com/ on Wednesday as investors awaited the Reserve Bank of India’s (RBI) monetary policy announcement. The 30-share index closed at 53,607.03, down 0.22%. The Nifty closed at 16,025.80, down 0.23%.

Investors were cautious ahead of the RBI’s policy announcement, which is due on Thursday. The RBI is expected to raise interest rates by 25 basis points to control inflation.

The rupee also fell against the US dollar, closing at 79.66.

The top gainers on the Sensex were Bharti Airtel, NTPC, and ITC. The top losers were HDFC Bank, Reliance Industries, and Infosys.

Here are some of the key factors that influenced the market today:

• The RBI’s monetary policy announcement.
• The ongoing war between Russia and Ukraine.
• The rising inflation in India.
• The weakness in the global markets.

What to expect tomorrow

The market is likely shahbapress.com/ to remain volatile tomorrow as investors continue to await the RBI’s policy announcement. The rupee is also expected to remain under pressure.

The key factors that will influence the market tomorrow are:

• The RBI’s monetary policy announcement.
• The global markets.
• The crude oil prices.
• The movement of the rupee.

Experts’ views

Here are the views of some experts on the market outlook:

• “The market is likely to remain volatile tomorrow as investors continue to await the RBI’s policy announcement. The rupee is also expected to remain under pressure.” – Ajay Bodke, Chief Executive Officer of Prabhudas Lilladher.
• “The market is likely to open on a cautious note tomorrow as investors will be looking for cues from the RBI’s policy announcement. The rupee is also expected to remain under pressure.” – V K Sharma, Head of Retail Research at HDFC Securities.
• “The market is likely to remain range-bound tomorrow as investors will be cautious ahead of the RBI’s policy announcement. The rupee is also expected to remain under pressure.” – Siddhartha Khemka, Head of Retail Research at Motilal Oswal Financial Services.

Conclusion

The market is likely to remain volatile tomorrow as investors await the RBI’s monetary policy announcement. The rupee is also expected to remain under pressure. Investors should stay invested in quality stocks and avoid taking any aggressive positions.