Nifty extends gains for a second session, while Brent climbs back above $101
AI Market Summary
Indian equities extended gains ahead of the RBI policy decision, supported by a positive global risk backdrop as US indices hit fresh records. However, Brent's rebound above $101 and Nifty futures signaling a weaker open highlight near-term cross-currents. Markets are focused on a widely expected 25 bp hike, with guidance and updated economic projections likely to drive near-term rates and index volatility.
Impact level
● Medium
Affected assets
NCSINIFTY52USD/USDT+0.68%
AI Insight · NCSINIFTY52USD/USDTAI Insight
● Neutral
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India’s Nifty index rose for a second straight session on Tuesday, adding 220 points to close at 22,776.10, as investors stayed optimistic ahead of the Reserve Bank of India’s monetary policy decision scheduled for Wednesday. In the U.S., the Dow Jones ended up 250 points and the S&P 500 crossed 7,800 for the first time. Brent crude moved back above $101, and Nifty futures pointed to a lower open.
