Post RBI Policy Market Updates

The MPC maintained unchanged interest rates, as expected. The RBI governor's less hawkish tone acknowledged moderating inflation but highlighted uncertainty around the monsoon. The market had already factored in this policy, maintaining its bullish momentum. The governor's comment suggests a prolonged pause, pleasing the market. The focus now shifts to global markets, upcoming US data, and Fed policy. The RBI policy is likely a non-event for the market. Technically, Nifty is trying to head towards its all-time high of 18888, where 18660 will be immediate support; below this, we can expect profit booking, where 18450 and 18180 will be the next support levels said Santosh Meena, Head of Research, Swastika Investmart.Read more:

1. Stock Market Live Updates: Sensex, Nifty erase gains, trade flat on profit booking; broader markets underperform - The Economic Times
2. Closing Bell: Sensex snaps 4-day winning streak, falls 294 pts after RBI policy outcome; Nifty below 18,650 - The Economic Times
3. Dalal Street's wait for RBI rate cuts just got longer. Here’s what analysts said after MPC outcome. - The Economic Times

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