Sensex And Nifty Rally 1.5% Ahead Of RBI Policy Decision; Breaks Three-Day Losing Streak

Indian stock markets surged on Tuesday, snapping a three-day losing streak ahead of the RBI monetary policy decision scheduled for April 9.

The Sensex jumped 1,089 points, or 1.49 percent, closing at 74,227.08. The Nifty rose 374 points, or 1.69 percent, to end at 22,535.85.

Investors shrugged off concerns over possible US tariff actions and rising global trade tensions.

The rally followed recent losses driven by fears of reciprocal tariffs by US President Donald Trump and escalating friction with China.

Broader markets also showed strength.

The BSE Midcap index rose 1.87 percent, and the Smallcap index gained 2.18 percent, reflecting broad investor participation.

All key sectoral indices posted gains.

Nifty Financial Services, FMCG, IT, PSU Bank, Auto, and Realty advanced up to 2 percent.

Top gainers on the Sensex included Titan (up 3.25 percent), Bajaj Finance (3.21 percent), Larsen & Toubro (3.07 percent), SBI (3 percent), and Axis Bank (2.91 percent).

Power Grid was the only loser on the index.

The rally mirrored gains in global markets. Japan’s Nikkei 225 surged 6 percent. The Shanghai Composite rose 1.58 percent, and Hong Kong’s Hang Seng Index gained 1.51 percent.

Investors are closely watching the RBI monetary policy decision.

They expect a 25 basis point rate cut and a shift in policy stance to ‘accommodative’.

Experts say strong domestic fundamentals and expectations of steady policy support are driving the upbeat mood.

Q4 earnings and key macro indicators will also guide market direction in the coming days.

Also Read: Govt Raises Domestic LPG Prices by ₹50; New Rates Effective April 8