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Stock Market Today: Sitharaman's Statement Dents Sensex-Nifty; RBI MPC Meeting Begins
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News18•05-10-2026, 12:08
Stock Market Today: Sitharaman's Statement Dents Sensex-Nifty; RBI MPC Meeting Begins
- •Finance Minister Nirmala Sitharaman's statement led to a dip in Sensex and Nifty, with specific sectors facing pressure.
- •US markets closed strong, with Dow Jones up 0.49%, Nasdaq 1.19%, and S&P 500 0.73%, driven by a weak job report.
- •Asian markets showed mixed trends; Japan's Nikkei surged by 1,700 points, while China and Korea were closed.
- •Brent crude softened by 0.47% to $101 per barrel, and US bond yields also saw a decline.
- •The RBI's three-day MPC meeting commenced today, with policy announcements expected on Wednesday morning.
Key Questions Answered
The Sensex and Nifty slipped following a statement by Finance Minister Nirmala Sitharaman, alongside cautious market openings amid ongoing FII selling, elevated crude oil prices, and West Asian geopolitical uncertainty.
The policy announcement from the Reserve Bank of India's three-day Monetary Policy Committee meeting will be made on Wednesday morning at 10 AM.
In the US, the Dow Jones closed up 0.49%, the Nasdaq rose 1.19%, and the S&P 500 gained 0.73% following a weak job report. In Asia, Japan's Nikkei increased by about 1,700 points, while markets in China and Korea remained closed.
