The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading around 24,520 level, a discount of nearly 40 points from the Nifty futures’ previous close.

Investors in the domestic market are likely to remain cautious, while engaging in stock specific action, ahead of the RBI MPC meeting's announcement tomorrow

Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 5 2024

The Indian equity market extended its winning streak for the fourth consecutive session on December 4, marking its longest rally in two months. The Nifty 50 index, which has seen a robust upmove over the past three trading days,

Nifty 50 jumped 0.70 per cent to the level of 24,445.80, breaking above its 50 and 100-day exponential moving averages (DEMA). The index has surpassed previous resistance levels.

The domestic benchmark equity indices closed in green on Wednesday as buying was seen in PSU bank and realty sectors. The investors are keenly watching the Reserve Bank of India's (RBI) monetary policy committee (MPC) meeting which will announce its decision around the repo rate on Friday.

The trends on Gift Nifty also indicate a flat start for the Indian benchmark index. The Gift Nifty was trading around 24,540 level, a discount of nearly 7 points from the Nifty futures’ previous close.