RBI Decision Lifts Markets As Sensex Gains 715 Points, Nifty Above 24,800

Indian equity markets surged on Wednesday, with the Sensex and Nifty ending an eight-day losing streak, as investors welcomed the Reserve Bank of India’s decision to hold the repo rate steady at 5.5 per cent and revise the GDP growth forecast for FY26 to 6.8 per cent, up from 6.5 per cent.

The announcement, coupled with strong automobile sales data for September, lifted market sentiment and triggered broad-based buying.

The Sensex closed at 80,983.31, rising 715.69 points or 0.89 per cent. The index had opened lower at 80,159.90 against the previous close of 80,267.62, but quickly recovered and surged to an intraday high of 81,068.43 after the RBI policy statement.

The Nifty ended the day at 24,836.30, climbing 225.20 points or 0.92 per cent. Analysts said the index reclaimed levels above its 100-day EMA at 24,750, previously a key resistance zone, forming a strong bullish candlestick pattern.

Top Performers and Sectoral Action

Among Sensex constituents, Tata Motors, Kotak Bank, Sun Pharma, Axis Bank, ICICI Bank, Tech Mahindra, HDFC Bank, Adani Ports, Mahindra & Mahindra, Titan, TCS, ITC, BEL, and Hindustan Unilever led the gains. However, Bajaj Finance, Ultratech Cement, SBI, and Asian Paints closed in the red.

Sectoral indices also reflected the upbeat mood. Nifty Bank soared 712 points or 1.30 per cent, Nifty Financial Services advanced 360 points or 1.38 per cent, Nifty Auto climbed 226 points or 0.85 per cent, Nifty FMCG gained 394 points or 0.72 per cent, and Nifty IT added 250 points or 0.74 per cent.

Broader indices kept pace with the benchmarks. Nifty Small Cap 100 gained 193 points or 1.10 per cent, Nifty Midcap 100 rose 500 points or 0.89 per cent, Nifty 100 added 207 points or 0.82 per cent, and Nifty Next 50 finished 242 points or 0.36 per cent higher.

With the RBI maintaining its accommodative stance and forecasting stronger growth, analysts suggested the markets could see further upward momentum in the near term.

Also Read: RBI Expands Measures To Boost Rupee Global Role In Trade & Finance