Stock Market Live Updates 5 August 2024: Sensex, Nifty to be shaped by RBI rate decision and global trends; Nikkei index falls 5.54%

Sensex, Nifty, Share Prices LIVE: Analysts predict the RBI’s interest rate decision, macroeconomic data, and global trends will guide market movements this week. Key factors include foreign investor activity and the final Q1 earnings reports. HSBC’s services sector PMI will be announced on Monday. Santosh Meena of Swastika Investmart notes that global market weakness will test India’s resilience. The RBI’s monetary policy announcement on August 8 is crucial, along with stock-specific movements driven by earnings reports from Bharti Airtel, BEML, ONGC, NHPC, LIC, and MRF. Additionally, Brent crude prices and the rupee-dollar trend will influence market trends. Foreign portfolio investors (FPIs) have started August cautiously, selling ₹1,027 crore in equities after pumping in ₹32,365 crore in July. Since the budget, FPIs have withdrawn ₹20,919 crore. US economic concerns, including recession fears and potential Fed rate cuts, influence FPI flows. FPIs invested ₹34,539 crore this year, lower than domestic institutional investors. Experts highlight inconsistent FPI activity compared to steady domestic investments, indicating potential market volatility ahead. Meanwhile, Japan’s stock market declined for a third day due to weak US jobs data, yen surge, rising interest rates, and Middle East tensions. Nikkei 225 fell by 5.54%.