New Delhi: The Indian stock market ended the four-day losing streak on Thursday, recording gains following the RBI’s MPC announcement. Investors await further details from the Monetary Policy Committee (MPC) meeting. Here’s the latest on the market’s pulse.
Intraday Performance: At 10:52 AM, the BSE Sensex surged by 314.98 points (0.37%), reaching 85,580.30 points, while the NSE Nifty50 climbed 90.30 points (0.35%) to 26,124.05 points.
Earlier Trends: The market had opened with minor losses, with the Sensex down 71.06 points (0.08%) at 85,194.26, and the Nifty50 slipping 4.75 points (0.02%) to 26,029 points.
Impact of RBI Repo Rate Cut: The 25 basis points reduction in repo rate sparked optimism, boosting investor sentiment. By 10:15 AM, the Sensex had climbed 136.57 points (0.16%) to 85,401.89 points, and the Nifty50 was up 51.70 points (0.2%) at 26,085.45 points.
Bottom Line: The market shows signs of recovery after consecutive losses, driven by the RBI’s policy easing, strong domestic demand, and positive economic indicators. Investors remain watchful for the full MPC policy details, which could guide further market movement.
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