Sensex, Nifty Open Higher Ahead Of RBI Repo Rate Decision

Indian equity benchmarks opened in the green on Wednesday as investors awaited the Reserve Bank of India’s (RBI) monetary policy decision.

At 09:30 AM, the Sensex rose 144 points, or 0.18 per cent, to 80,412, while the Nifty gained 17 points, or 0.07 per cent, to trade at 24,628. The Nifty Midcap 100 and Nifty Smallcap 100 also advanced 0.52 per cent and 0.29 per cent, respectively.

Among Nifty stocks, Shriram Finance, Tech Mahindra, Trent, and Tata Consumer Products led the gains. On the other hand, Bajaj Finance, InterGlobe Aviation, Bajaj Finserv, and SBI Life Insurance declined in early trade.

Nifty Media emerged as the top sectoral gainer with a 1.74 per cent jump. Nifty Realty rose 1.30 per cent, while Nifty Pharma climbed 1.24 per cent.

Analysts said banking stocks would remain in focus as any rate cut could pressure net interest margins (NIMs), while a policy pause would support resilience in the sector.

Market experts highlighted that sustained foreign institutional investor (FII) selling continues to weigh on sentiment. They advised systematic investment in high-quality large-cap stocks and stressed patience for long-term wealth creation.

They further added that Nifty could find support at 24,550, 24,500, and 24,450. Resistance levels stand at 24,650, 24,700, and 24,750.

Overnight, US markets ended higher with:

• Nasdaq gaining 0.31 per cent,
• S&P 500 rising 0.41 per cent, and
• Dow adding 0.18 per cent

Asian markets traded mixed on Wednesday morning. China’s Shanghai index rose 0.52 per cent, Shenzhen added 0.35 per cent, Hong Kong’s Hang Seng gained 0.81 per cent, and South Korea’s Kospi climbed 0.60 per cent. However, Japan’s Nikkei slipped 1.17 per cent.

On Tuesday, FIIs sold equities worth ₹2,327 crore, while domestic institutional investors (DIIs) bought shares worth ₹5,761 crore, helping cushion market weakness.

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