Commentary: Indian Market Ends Firm Amid Global Uncertainty; Nifty Holds Gains Ahead of RBI Policy
Domestically, focus shifts to the Reserve Bank of India’s policy announcement on Wednesday, with expectations of steady rates to address risks from possible US tariffs and ensure economic stability.
Mumbai, August 4, 2025: Despite persistent global weakness, the Indian equity market opened on a resilient note today. Nifty started the session at 24,596, briefly dipping to an intraday low of 24,554 before rallying to a high of 24,722, ultimately maintaining a positive bias throughout the day. Sectoral performance was led by robust gains in Metals, Automobiles, Media, Construction, and IT stocks, underscoring sustained investor interest in growth-oriented sectors. Conversely, Consumer Goods, Energy, and Financial Services stocks faced mild selling pressure.
On the Global front, disappointing US employment numbers have intensified speculation that the Federal Reserve may opt for an interest rate cut at its September meeting. This global macro backdrop has increased investor sensitivity to upcoming policy cues. Domestically, attention is now turning to the RBI’s policy announcement scheduled for Wednesday, with expectations that the central bank will hold rates steady to mitigate risks from potential US tariffs and preserve economic stability.
In the derivatives market, the advance-decline ratio indicates a bullish undertone. Notable open interest buildup was observed in stocks such as Nuvama, ABB, Delhivery, Bosch Ltd, and Suzlon, signaling strong participation and optimism among traders. Overall, the market's constructive undertone reflects cautious optimism amid evolving domestic and global cues.
Attributed to Ashika Institutional Equities
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