Sensex Today | Stock Market LIVE Updates: Nifty bulls look to reverse the tide after longest weekly drop in two years

Sensex Today | Stock Market LIVE Updates: A major trigger for the markets this week, aside from the earnings, will be the monetary policy decision of the Reserve Bank of India, which will be announced on Wednesday, August 6, as a lot has changed on the ground from the previous central bank policy.Sensex Today | Stock Market LIVE Updates: The Nifty 50 index is now just 100 points away from the June 13 low of 24,473, which it reversed from after a knee-jerk reaction to the Israel-Iran war.Coming into the first full trading week of August after five straight weekly losses, the longest in two years, the Nifty is now grappling for support at lower levels after US President Donald Trump’s tariff tantrums and below-expected corporate earnings for the June quarter.A major trigger for the markets this week, aside from the earnings, will be the monetary policy decision of the Reserve Bank of India, which will be announced on Wednesday, August 6, as a lot has changed on the ground from the previous central bank policy. Growth concerns have also re-emerged after weaker-than-expected jobs data on Friday from the US, triggering a sell-off on Wall Street and other asset classes, barring gold.Back home, ITC, Federal Bank, LIC Housing, and Tata Power are some of the stocks that would react to their quarterly results. While there are no Nifty stock reports today, broader market names like Aurobindo Pharma, DLF, and Godfrey Phillips will be coming out with numbers. Also watch for PNB Housing after Friday’s fall, with the stock entering the F&O ban.Watch this space for all the live updates.

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