Sensex, Nifty End Marginally Higher After RBI Decision

“A sustained close above 24,600 is required to confirm renewed bullish momentum. Until then, the index is likely to remain range-bound, with 24,500–24,300 acting as the key support corridor,” the expert added.

Markets witnessed a muted session as investors largely digested the central bank’s policy announcements, with gains in select sectors offsetting weakness in banking stocks.

The RBI retained its growth outlook, projecting India’s gross domestic product growth at 6.7 per cent for the current financial year. The central bank also revised its headline inflation forecast to 5 per cent from the earlier estimate of 5.1 per cent.

Among individual stocks, Shriram Finance, Grasim Industries and JSW Steel emerged as the top gainers on the Nifty, helping support the benchmarks through the session.

Broader markets outperformed the frontline indices. The Nifty MidCap index ended 0.18 per cent higher, while the Nifty SmallCap index advanced 0.7 per cent.

Sectoral performance remained mixed. The Nifty Metal index led the gains, followed by the Nifty Realty and Nifty Auto indices. In contrast, banking counters remained under pressure, with the Nifty Private Bank and Nifty Bank indices ending lower and emerging as the key laggards of the session.

Experts said market sentiment remained stable as the RBI’s policy decisions matched expectations, while optimism around economic growth and a slightly lower inflation forecast helped keep equities in positive territory.