Sensex Jumps 269 Points Ahead of RBI Policy Decision

Mumbai : investors kept a close eye on the Reserve Bank of India’s (RBI) impending Monetary Policy Committee (MPC) announcement. The domestic markets shrugged off mixed global cues to register a firm opening, reflecting localized optimism surrounding economic stability and corporate health.  

The 30-share BSE Sensex jumped 269 points, or 0.36 percent, to open at 74,629.94 points. Simmering with similar bullish energy, the broader NSE Nifty50 reclaimed ground, trading near the critical psychological mark of 23,500 after climbing 62 points to 23,478.95 in early trades. Rate-sensitive sectors, including banking, financial services, auto, and real estate, drew immediate attention as market participants prepped for the central bank’s decision.  

The primary driver behind the market's cautious uptick is the outcome of the three-day RBI MPC review meeting. A strong consensus among economists and analysts suggests that the central bank will likely hold the repo rate steady at 5.25 percent to ensure inflation trends seamlessly align with its target, all while supporting steady domestic growth. Investors are eagerly awaiting the post-meeting commentary to glean insights into any shift in policy stance, growth projections, or future rate cut timelines.