Sensex Today | Stock Market LIVE Updates: GIFT Nifty indicates muted start for index ahead of RBI meet

HomeMarket NewsSensex Today | Stock Market LIVE Updates: GIFT Nifty indicates muted start for index ahead of RBI meet

Sensex Today | Stock Market LIVE Updates:  The Nifty begins the month of June on Monday on the back of positive cues domestically, but weak global updates. India's GDP data surpassed estimates, which could boost hopes of the bulls making a return from lower levels. What is also in focus this week is the RBI Monetary Policy, with the street most likely pricing in another rate cut of 25 basis points. The Nifty ended last week in consolidation mode, declining only 100 points, despite the outperformance of the Nifty Bank. Metals, Auto, and FMCG kept the Nifty gains in check last week. Metals will also be in focus today after US President Donald Trump announced that he will be doubling tariffs on steel and aluminium to 50% from the current 25%, although granular details of this move are missing. That is one negative update. The other being Trump calling out China for violating their trade agreement in Geneva, and both countries trading barbs over the weekend. The escalation between Russia and Ukraine is another negative development, which has led to a surge in crude oil prices. We also see earnings reactions from names like Vodafone Idea, Apollo Hospitals, Inox Wind and Titagarh Rail, among others. Auto stocks like Tata Motors, M&M and Hero MotoCorp will also be in focus today on account of their sales figures. Watch this space for all the live updates.