RBI Monetary Policy Meeting Highlights: Shaktikanta Das-led MPC keeps repo rate unchanged, cuts CRR to 4%; GDP FY25 outlook revised down to 6.6% – The Times of India

RBI MPC Meeting Live: BSE Sensex closed over 800 points up on Thursday ahead of the policy

RBI policy LIVE: On Thursday, the BSE Sensex continued its upward trajectory for the fifth consecutive session, gaining 809 points in volatile trading on Thursday, preceding the RBI policy review announcement. The BSE Sensex concluded at 81,765.86, showing an increase of 809.53 points or 1 per cent. During trading hours, it reached a peak of 82,317.74, marking a 1.68 per cent rise, before moderating due to investor profit-booking. The NSE Nifty advanced by 240.95 points or 0.98 per cent, closing at 24,708.40.

“The recent market surge has already factored in potential support from the RBI, making the market’s reaction to Friday’s outcome crucial. While the IT and banking sectors continue to drive the index higher, broader sectoral participation will be essential for extending this rally,” Ajit Mishra – SVP, Research, Religare Broking Ltd said.

Market experts noted that the indices sustained their positive momentum for the fifth successive day, supported by IT sector purchases and positive developments in US markets. Among the Sensex constituents, significant gains were recorded by Tata Consultancy Services, Titan, Infosys, Bharti Airtel, Bajaj Finance, ICICI Bank, HCL Technologies, and Tech Mahindra. Conversely, NTPC and Asian Paints experienced declines. The BSE benchmark has accumulated gains of 2,722.12 points or 3.44 per cent over the previous five sessions.

Analysts noted that the return of FIIs as buyers has positively influenced markets, particularly benefiting large-cap stocks. Data showed Foreign Institutional Investors purchased equities worth Rs 1,797.60 crore on Wednesday.