Indian benchmark indices, Sensex and Nifty 50, had a muted opening today, August 6, 2025, as investors are cautious ahead of the Reserve Bank of India's (RBI) policy decision.
Market Opening and Expectations
The Sensex opened at 80755, up 45 points, while the Nifty was flat at 24652. At 8:10 AM, Gift Nifty futures were down 40 points at 24,700, indicating a gap-down opening for the BSE Sensex and NSE Nifty. Investors anticipate the central bank to maintain a steady stance on rates, while adopting a dovish approach amidst global challenges, including potential tariffs from the U.S. The RBI's Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, began its three-day meeting on August 4, with the policy outcome to be announced at 10:00 AM today.
Market Performance and Key Levels
The domestic equity market closed lower on Tuesday, with the Nifty 50 closing below the 24,700 level. The Sensex dropped 308.47 points, or 0.38%, to close at 80,710.25, while the Nifty 50 settled 73.20 points, or 0.30%, lower at 24,649.55.
According to Shrikant Chouhan, Head of Equity Research at Kotak Securities, the Sensex is currently exhibiting non-directional activity as traders await a breakout. For day traders, the 81,000 level will act as an important resistance zone, and above this level, a pullback could continue up to 81,500 - 81,600. On the downside, 80,500 - 80,300 will serve as key support zones, and below these levels, the Sensex could slip further to 80,000 - 79,700.
VLA Ambala, Co-Founder of Stock Market Today, noted that the Nifty 50 formed a high wave doji candlestick pattern, indicating indecision and volatility in the market. Support for Nifty 50 lies at 24,500 – 24,550, and a breach of this zone could drag the index towards 24,350, while immediate resistance is seen at 25,000 – 25,050.
Factors Influencing the Market
Global cues are mixed as concerns over new U.S. tariffs on key imports add to the risk-off mood across global markets. Investors are closely monitoring ongoing trade negotiations ahead of new tariff hikes expected later this week. Rate-sensitive stocks such as banking, financial services, auto, and realty will be in focus today.
Top Movers
In early trade, 1169 stocks in the Nifty pack were trading in the green, while 854 were trading in the red. Bharti Airtel shares climbed 3.5% to Rs 1,520.10 after the company reported a 43% YoY jump in Q1 consolidated net profit. Top movers in early trade included Vodafone Idea Ltd., NCC Ltd., Sri Lotus Developers and Realty Ltd., YES Bank Ltd., and Bharat Electronics Ltd.
