October 06, 2023: Sensex index adds 364 points, Nifty closes above 19,650; TCS to consider share buyback next week.

Update - October 6, 2023 at 4:52 p.m.

The start of trading in the stock market.

The Reserve Bank of India is expected to keep its key interest rate (repo) unchanged at 6.5 percent.

The Monetary Policy Committee (MPC) is expected to maintain the status quo to support growth.

At the same time, the central bank is likely to maintain a cautious approach due to inflationary pressures coming from external factors such as rising oil prices and the Indian currency at historic lows.

The absence of rate hike in the current fiscal year after a 250 basis points (BP) hike in fiscal 2013 helped the Nifty 50 composite index rise 12.59% since April and''set historic highs.

Oil price fluctuations remain on the back burner, and digital payments will continue to increase the momentum of state tax decisions.