Stock market today: Domestic equity indices Sensex and Nifty began the session in the negative territory ahead of the Reserve Bank of India (RBI) monetary policy decision. Last seen, Sensex was down 204.61 points or 0.26 per cent at 79,263.4 and NIfty slipped 50.15 points or 0.21 per cent at 24,247.35. 

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"The recent trend in institutional activity in the market indicates a clear trend. FIIs are in a risk-off mood and are playing it safe with sustained selling. During the last four days FIIs have sold for Rs 20228 crore in the cash market. This is a rational thing to do given India’s elevated valuations and the concerns surrounding recession fears in the US and further issues relating to the unwinding of the yen carry trade. The Indian market has again turned resilient since the FII selling is evenly matched by DII buying which touched Rs 19278 crore during the last four days," said Dr. V K Vijayakumar, Chief Investment Strategist, Geojit 

In the broader market, Nifty Midcap 100 traded in red, while Smallcap 100 traded flat with a positive bias. Last seen, high-beta Nifty Bank flat with negative bias at 50,115.2. 

BUZZING STOCKS

BSE shares were up over 5 per cent after the company posted strong Q1 results. 

Radico Khaitan shares were up over 3 per cent after the company posted good Q1 numbers.

MTAR Technologies shares were up 2 per cent after the company got export order worth Rs 140 crore.

PB Fintech shares were up over 3 per cent after the company reported good Q1 numbers. 

Conversely, Apollo Tyres shares were down nearly 2 per cent after the company reported weak Q1 results.

Godrej Consumer shares were down over 3 per cent after it reported mixed Q1 results. 

Lemon Tree Hotels shares were down over 3 per cent after the company reported mixed results.

Protean eGov Technologies shares were down over 2 per cent after reports about block deal.

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