Sensex Snaps Losing Streak After RBI Policy Decision
2025-10-01 06:02
By
Chusnul Chotimah
1 min. read
Equities in India rose 413 points, or 0.5%, to 80,680 in morning trade on Wednesday, snapping an eight-session losing streak after the RBI kept the policy repo rate unchanged and revised its GDP and inflation forecasts.
The central bank held the interest rate at 5.5%, raised the GDP growth forecast for FY2025/26 to 6.8% from 6.5%, and lowered the inflation projection to 2.6% from 3.1%.
The RBI also announced a series of measures to boost bank lending to capital markets and large corporates to support GDP growth.
The BSE Sensex tracked overnight gains on Wall Street, while traders shrugged off the US government shutdown, which could affect the monthly jobs report due on Friday.
The Nifty 50 rose 0.4% to above 24,700, while small-cap and mid-cap stocks climbed by 0.3% and 0.2%, respectively.
Pharmaceuticals, banking, and financial services sectors led the gains, with notable gains from Tata Motors (2.8%), Kotak Mahindra Bank (2.2%), Sun Pharmaceuticals (1.8%), and ICICI Bank (1.7%).