Markets trend higher: Nifty above 24,700, Sensex up 130 points; Banks under pressure
Indian indices opened higher, breaking a six-day losing streak. However, the momentum was lost, with Nifty opening 54 points higher and Sensex opening 132 points higher. Bank Nifty opened 59 points higher, while small and midcap stocks also rose. The market is technically weak but oversold, with a short-term bounce expected. RBI expected to hold rates and send a dovish message.