Indian equities closed Wednesday’s session on a firm note, lifted by positive momentum after the Reserve Bank of India’s Monetary Policy Committee (MPC) announcement. Both benchmark indices extended their gains through the day.
At close, the Sensex settled at 81,036.73, up 0.96%. The Nifty ended at 24,836.30, higher by 0.92%, while the Nifty Bank advanced 1.30% to finish at 55,347.95.
Let’s take a look at the key highlights of today’s trading session –
Gainers: Tata Motors leads the charge
Among the heavyweights, Tata Motors stole the show with gains of more than 5%, followed by Kotak Bank, Trent, Sun Pharma, and Axis Bank, all of which contributed to the market’s upward push.
Losers: Bajaj Finance under pressure
On the flip side, select financial and metal counters dragged. Bajaj Finance and UltraTech Cement were the top laggards, along with SBI, Tata Steel among other stocks.
Repo rate stays unchanged at 5.5%
The big headline from the day came from the RBI. The central bank kept the repo rate unchanged at 5.5% and maintained its monetary policy stance at “neutral.” This marks the second straight meeting where rates have been left untouched.
RBI Governor Sanjay Malhotra highlighted that the decision comes against the backdrop of additional tariffs imposed by the US on essential commodities, making the MPC’s call a closely watched one.