Sensex, Nifty Open Higher As Investors Await RBI Policy Outcome

The Indian stock market opened in positive territory on Tuesday, as investors focused on the Reserve Bank of India’s upcoming monetary policy decision.

At 9:20 AM, the Sensex was trading 301 points, or 0.38 per cent, higher at 80,666, while the Nifty 50 advanced 93 points, or 0.38 per cent, to 24,728.

The broader market also saw modest gains, with the Nifty Midcap 100 rising 0.32 per cent and the Nifty Smallcap 100 up 0.29 per cent.

Among individual stocks, Titan Company, Asian Paints, Cipla, and Hindalco emerged as top gainers, while Tata Motors, Tech Mahindra, and Dr Reddy’s Labs lagged behind.

Sectoral performance indicated strength in consumer durables, which gained 0.59 per cent, emerging as the top sectoral gainer.

Private banks advanced 0.43 per cent, and the metal sector rose 0.56 per cent. All major indices, except Nifty Media, were trading in the green, reflecting broad-based participation among investors.

Technical Outlook

Market analysts noted that the Nifty 50 had opened positively in the previous session but fell below the 24,650 mark, closing in the red for the eighth consecutive day due to sustained selling pressure.

Technically, a sustained move above 24,800 is likely to pave the way for a rally towards 25,000. Immediate support levels are placed at 24,530 and 24,400 zones.

Global cues supported early trading momentum. The US markets ended higher overnight, with Nasdaq rising 0.48 per cent, S&P 500 adding 0.26 per cent, and the Dow Jones up 0.15 per cent.

Asian markets showed mixed trends in the morning session. China’s Shanghai Index gained 0.44 per cent and Shenzhen 0.42 per cent, despite data showing a sixth consecutive month of contraction in manufacturing activity.

Meanwhile, Japan’s Nikkei declined 0.05 per cent, Hong Kong’s Hang Seng dipped 0.12 per cent, and South Korea’s Kospi rose 0.13 per cent.

On Monday, foreign institutional investors (FIIs) sold equities worth ₹2,832 crore, while domestic institutional investors (DIIs) were net buyers to the tune of ₹3,846 crore, indicating continued domestic support amid foreign outflows.

With investors awaiting the RBI’s monetary policy decision, early gains in the Sensex and Nifty suggest cautious optimism.

Sectoral strength in consumer durables, metals, and private banking stocks, coupled with supportive global cues, is expected to guide trading in the near term, while technical levels remain critical for sustained upward momentum.

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