Indian Equity Markets End Marginally Lower Ahead Of RBI Policy Decision

Indian equity indices ended Tuesday’s session marginally lower, as investors adopted a cautious stance ahead of the Reserve Bank of India’s monetary policy announcement.

The BSE Sensex settled at 80,267.62, down 97 points or 0.12 per cent, after opening in positive territory at 80,541.77, breaking a seven-day losing streak.

Heavy selling in major stocks such as ITC and Tech Mahindra pushed the index into the red. The NSE Nifty closed at 24,611.10, down 23.80 points or 0.10 per cent.

Analysts noted that the market traded within a narrow range on the monthly expiry day, as participants sought cues from the RBI’s policy stance.

“The market attempted to stabilise after last week’s sustained decline,” they said.

Investors are awaiting RBI commentary for insights into potential interest rate movements, although a status quo is largely anticipated.

Investors will rely on key developments, including tariff policy announcements and the upcoming earnings season, to shape market direction in the coming weeks.

Mixed Sectoral Performances

Among sectoral performances, Nifty FMCG fell 235 points (0.43 per cent), and Nifty IT declined 37 points (0.11 per cent). Meanwhile, Nifty Auto rose 105 points (0.40 per cent), Nifty Bank increased 174 points (0.32 per cent), and Nifty Financial Services gained 15 points.

Individual stocks recorded varied results. Bharti Airtel, ITC, Trent, Bajaj FinServ, Titan, Reliance, Tech Mahindra, and L&T ended lower, while Adani Ports, Tata Motors, BEL, Hindustan Unilever, Sun Pharma, Mahindra & Mahindra, and Asian Paints finished in green.

The broader market reflected similar trends. Nifty 100 fell 19 points, Nifty Midcap 100 remained largely flat, and Nifty Small Cap 100 rose 14 points (0.08 per cent).

Vatsal Bhuva of LKP Securities highlighted that Nifty faces strong resistance near its 100-day EMA around 24,750, forming a lower highs–lower lows pattern over three sessions.

“Unless Nifty reclaims and sustains above its 50-day EMA, the short-term outlook remains negative,” he said.

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