The market's movement will be determined by RBI policy. Rates may be banned by MPC. Focusing on Zomato, a five-star enterprise

 The market's movement will be determined by RBI policy. Rates may be banned by MPC. Focusing on Zomato, a five-star enterprise

The market's movement will be determined by RBI policy. Rates may be banned by MPC. Focusing on Zomato, a five-star enterprise

The Indian equities market eventually entered stabilization mode on December 7 after advancing sharply over the previous seven sessions. Profit-booking was then seen. Therefore, as long as the Nifty 50 trades below the critical 21,000 points, the aforementioned consolidation may continue for a few more days, with important support in the 20700–20,500 zone. If the index climbs substantially over 21,000 points, however, another phase of the trip may be seen, according to analysts. On December 7, the Nifty 50 dropped 37 points to 20,901 and created a bearish candlestick pattern with a lengthy lower shadow on the daily scale. The BSE Sensex declined 132 points to 69,522. 

In contrast to the previous two days, there has been a little consolidation in the larger markets, as seen by the 6.0% and 0.4% increases in the Nifty Midcap 100 and Smallcap 100 indexes, respectively, on positive breadth. On the NSE, around 1,193 shares increased in value while 933 shares decreased. The three-day surge in the India VIX volatility index was broken, and it dropped 7.76 percent to settle at 12.67, giving the market some support. With Wall Street ending a three-day losing run and Asian markets exhibiting mixed results after a surprise adjustment to Japan's third-quarter GDP, there are conflicting global clues this morning. GIFT Nifty is now trading higher than 21,000 points, however. 

We have concentrated on Zomato, Five-Star Business, Concor, IRCON, and other stocks among the ones we are watching today. Additionally, today the MPC will make its interest rate decision public. Watch Nandita Khemka talk with co-founder of NeoTrader and trading influencer Raja Venkataraman, as well as executive editor of CNBC-TV18 Latha Venkatesh.