The Indian stock markets looked set for a volatile session on Wednesday. The BSE Sensex started trading at 85,164, inching up 25 points, while the NSE Nifty50 slipped 17 points and tested 26k, around 9:15 AM.
In the pre-open session today, the equity market signalled a soft start as the Sensex slipped towards the 85,100 mark, while the Nifty dropped over 60 points to fall below the 26,000 level around 9:04 AM.
The cautious tone reflected investor nerves ahead of the Reserve Bank of India’s Monetary Policy Committee meeting, which begins today. With uncertainty lingering over whether the central bank will consider a rate cut, markets appear poised for a volatile trading day.