Invested money or distance in the market today? The market is sitting ‘holding breath’ before RBI’s decision

On Thursday morning… and this is the biggest question in every person who invests money in the stock market today – “Today the market will go up or down?”

This week has been very important for the market, and today can be the biggest and decisive day of this week i.e. October 3. Today everyone’s eyes are fixed at the same place – on the Monetary Policy meeting of the Reserve Bank of India (RBI). RBI will announce today whether it will reduce, increase the interest rates or keep it as it is.

So let’s know, what 10 big things you should know before opening the market today.

Where will the market open today? (Indications)

1. Gift Nifty is giving a flat start: The first indication received this morning has come from our Gift Nifty traded in Singapore. It is doing a flat business with a mild strength. This simply means that the start of the Indian market today With a flat or slight edge Might be possible.
2. No major support was received from world markets: Last night, the American markets also closed mixed. Dow Jones had a slight decline if there was a slight decline in Nasdaq. That is, there is neither a big ‘good news’ nor ‘bad news’ from foreign markets today.

What is ‘internal game’ going on in the market?

1. Foreign selling, buying your: An interesting ‘tug of war’ is going on in the market. Foreign investors are constantly withdrawing money from the Indian market, but on the other hand our own country’s big investors (DIIs) and mutual funds are fiercely shopping and handling the market.
2. Waiting for RBI’s decision: The real ‘picture’ will be clear only after the RBI’s decision. The market is not expected to cut interest rates, but the market would like to hear what governor Shaktikanta Das indicates inflation and the country’s economic growth.

And what are the important news for the market?

1. Crude oil soft: Crude oil prices have become a bit soft in the international market, which is always a good news for a country like India.
2. Rupee stable: The rupee also remains largely stable against the dollar.
3. Special shares will be seen: Today, everyone will have a special watch on banking stocks, because the most direct impact of RBI’s decision has on them.

What should investor do now?
It is clear that today market fluctuations can be seen. Experts are advising that it would be prudent to avoid taking any big position till the RBI’s decision comes. Today is the day to adopt the strategy of ‘Look and wait’.