4 hrs ago
Sensex, Nifty Rise as Investors Await RBI Policy Decision
Indian share markets finished higher ahead of an important meeting by the Reserve Bank of India.
Many capital goods, bank and medicine-company shares gained.
Some large companies, including Tech Mahindra and Titan, fell.
Lower oil prices helped make the mood more positive.
Several companies also gained after sharing strong business updates.
Investors were waiting to hear what the RBI would say about the economy and prices.
Global tensions and a US interest-rate increase remained concerns.
One market expert said prices could face resistance and that markets may stay bumpy.
The Sensex and Nifty closed higher for a second consecutive session ahead of the RBI policy outcome.
Capital goods, banking and pharmaceutical stocks led gains; the BSE Capital Goods index rose 1,333 points, the pharma index gained 552 points and the Bankex added 330 points.
Tech Mahindra, Titan, Bajaj Finance and ITC were among the Sensex’s biggest losers, falling by up to 2.3%.
Brent crude fell below $100 a barrel, while strong second-quarter business updates helped shares including Honasa Consumer, Meesho, Trent and Dabur.
Investors were set to watch the RBI’s policy decision and comments on growth, inflation and the economic outlook amid global uncertainty.
- Who
- Indian stock-market investors and companies whose shares traded during the session.
- What
- The Sensex and Nifty closed higher, led by gains in capital goods, banking and pharmaceutical stocks.
- Where
- Indian equity markets.
- When
- During the session ahead of the RBI Monetary Policy Committee meeting scheduled for the following day.
- Why
- Supportive global cues, lower crude prices and encouraging company business updates supported sentiment; investors were also anticipating the RBI policy decision.
Supportive market factors
Risks and caution
Near-term market outlook
Supportive market factors
SBI Securities’ Sunny Agrawal said supportive global cues and strong company business updates helped the market gain for a second session.
Risks and caution
Religare Broking’s Ajit Mishra said the broader market structure remained cautious amid global macro risks, with volatility likely to remain high and a selective, stock-specific approach favoured.
Market levels
Supportive market factors
Mishra identified 22,600–22,400 as key near-term support for the Nifty.
Risks and caution
Mishra said 22,800–22,850 could be an immediate hurdle, with broader resistance around 23,000–23,200.
Key facts
- Market direction
- The Sensex and Nifty rose for a second consecutive session.
- Leading sectors
- Capital goods, banking and pharmaceuticals.
- BSE Capital Goods index
- Rose 1,333 points to 75,749.
- BSE Bankex
- Gained 330 points to close at 62,118.
- Largest named Sensex losers
- Tech Mahindra, Titan, Bajaj Finance and ITC, falling by up to 2.3%.
- Crude oil
- Brent prices eased below $100 per barrel.
- RBI meeting
- The Monetary Policy Committee meeting was scheduled for the following day.
Quotes
Sunny Agrawal
Deputy Vice President - Fundamental Research at SBI Securities
“Markets extended their recovery on the weekly expiry day, with the benchmarks gaining nearly a percent as easing crude prices and encouraging Q2 business updates supported the sentiment. Technically, the 22,800–22,850 zone is likely to act as the immediate hurdle, followed by the broader resistance around 23,000-23,200 while 22,600-22,400 remains the key near-term support. With the broader market structure remaining cautious amid elevated global macro risks, volatility is likely to stay high,”
businesstoday.in
“Market gained for the 2nd consecutive session as global cues remained supportive. Stocks reporting their 2QFY27 business updates were in focus with Honasa Consumer, Meesho, Trent, Dabur closing higher by 8%, 6%, 12% and 3% respectively in today's session following strong updates. US Futures are trading 0.5% higher currently. The US 10-year yield at 5.27% has also come off slightly from the morning highs, lending strength to the Indian market.”
businesstoday.in
Sources
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