Nifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 5 June ahead of RBI policy

Key points

• The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to see a muted opening on Friday, tracking a mixed trend in global markets, and ahead of the RBI policy announcement.
• The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index.
• The Gift Nifty was trading around 23,521 level, a premium of nearly 9 points from the Nifty futures’ previous close.
• Investors will watch out for the Reserve Bank of India (RBI) monetary policy decision later today.
• The RBI’s Monetary Policy Committee (MPC) is largely expected to keep the repo rate unchanged, while the central bank’s commentary on inflation, liquidity conditions, crude oil price risks, and the rupee will be keenly monitored.