Stock Market Live Update: India’s equity markets will be put to test on Wednesday as the potential recovery on Wall Street was short-lived overnight. The Nifty ended 375 points higher on Tuesday, above the mark of 22,500, but all of that will be under the scanner as the futures in the US markets are trading with steep cuts. Today is also an important day for the Nifty as it is the day of its weekly options expiry. What also makes this day important is the fact that the Monetary Policy Committee of the Reserve Bank of India will be announcing its interest rate decision at 10 AM.

Stock Market Live Update: India’s equity markets will be put to test on Wednesday as the potential recovery on Wall Street was short-lived overnight. The Nifty ended 375 points higher on Tuesday, above the mark of 22,500, but all of that will be under the scanner as the futures in the US markets are trading with steep cuts. Today is also an important day for the Nifty as it is the day of its weekly options expiry. What also makes this day important is the fact that the Monetary Policy Committee of the Reserve Bank of India will be announcing its interest rate decision at 10 AM. While a 25 basis points rate cut is likely priced in, the street will be watching out for commentary from Governor Sanjay Malhotra on the road ahead amidst these looming uncertainties and whether the RBI changes its stance to “accommodative” from “neutral” currently. Also keep an eye on the India VIX, as it is still above the mark of 20. Watch this space for more!