Sensex Hits 83,580 as RBI Holds Interest Rates Steady
Indian markets witnessed a mixed session on Friday, with the Sensex rising by 266 points to close at 83,580, while the Nifty gained 50 points to end at 25,693. Despite these gains in the benchmark indices, broader market performance was uneven. The Nifty Midcap 100 declined slightly by 0.02%, and the Smallcap 100 slipped by 0.27%, indicating cautious sentiment among investors.
RBI’s Policy Decision Boosts Market Confidence
Investor optimism received a boost after the Reserve Bank of India (RBI) announced that it would maintain interest rates at their current levels. The central bank also revised its growth forecast upward for the first half of the 2027 fiscal year, signalling confidence in the economy’s resilience. Analysts note that the RBI’s commitment to economic stability has reassured market participants and supported equity gains.
Sectoral Winners and Losers
FMCG stocks led the rally, surging by 2.27%, as consumer demand showed signs of strength. Shares in Consumer Durables, Private Banks, and Realty sectors also posted gains, reflecting optimism in these areas. On the other hand, the IT sector saw a decline of 1.47%, while Pharma stocks fell by 0.72%, dragging down broader market momentum.
Regulatory Support from RBI
Further support came from the RBI’s announcement allowing banks to extend loans to Real Estate Investment Trusts (REITs). This measure is expected to enhance liquidity in the real estate sector and encourage institutional investment. Experts believe such regulatory steps will provide a long-term boost to both the financial and real estate markets.
Market Outlook Remains Positive
Market analysts remain cautiously optimistic about future trends. Ajit Mishra of Religare Broking suggested that the positive momentum could continue, provided the Nifty sustains levels above 25,400. Investors are advised to watch key support and resistance levels while keeping an eye on policy developments that could influence market stability.
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