Synopsis : Indian markets opened higher on Monday as the RBI’s Monetary Policy Committee began its three-day meeting. Gains in PSU Bank, Realty, and Oil & Gas shares lifted sentiment, even as FMCG stocks dragged.
Stock Market LIVE Updates | Sep 29 : Indian equities opened on a strong note on Monday as investors tracked the start of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting. The MPC, which began its three-day deliberation today, is widely expected to maintain the status quo on key interest rates, according to a Business Standard poll.
At 11:00 AM, the BSE Sensex was trading at 80,737.92, up 311.46 points (0.39%), while the NSE Nifty50 gained 98.55 points (0.4%) to reach 24,753.25. The positive momentum was supported by gains in PSU Bank, Realty, and Metal stocks.
On the BSE, top gainers included BEL, Eternal, and Tata Steel, while Hindustan Unilever, Maruti, and Axis Bank weighed on the index. Similarly, on the NSE, BEL, Eternal, and M&M led the charts, with Hindustan Unilever, Axis Bank, and Maruti among the top losers.
The broader markets mirrored the positive sentiment, with the Nifty SmallCap 100 up 0.18% and the Nifty MidCap 100 advancing 0.33%. Sectorally, Nifty Realty emerged as the top gainer, up 0.87%, followed by Nifty Metal, which rose 0.7%. On the other hand, the FMCG index slipped 0.7%, reflecting selective weakness.
With the RBI policy outcome due later this week, analysts expect volatility to remain elevated, though the current market tone reflects cautious optimism backed by strong domestic flows.
Disclaimer : This article is for informational purposes only and should not be considered as financial or investment advice. Investors should consult professional advisors before making any investment decisions.
