Sensex, Nifty Open Higher as Banking Stocks Lead Recovery; RBI Policy in Focus
What Happened
Indian benchmark indices opened in positive territory, extending Monday's rebound. Sensex opened around 72,452-72,468, up about 70-80 points, while Nifty 50 opened near 22,581-22,603. In early trade, the market strengthened further, with Sensex rising about 100 points and Nifty moving above 22,550. Banking stocks supported gains, with Kotak Mahindra Bank, Axis Bank, and BSE Ltd among the top performers, while IT stocks such as TCS lagged.
Key Takeaways
Indian equities have started the day on a firm note, driven by banking stocks and improved global cues. However, RBI policy outcomes, crude oil trends, and foreign fund flows are likely to determine whether the recovery can sustain through the session.