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Market Rally Extends As RBI Policy Awaited And Oil Nears 100 Dollars
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CNBC TV18•06-10-2026, 22:02
Market Rally Extends As RBI Policy Awaited And Oil Nears 100 Dollars
- •Sensex and Nifty ended higher for the second consecutive session on Tuesday, with Sensex gaining 685 points to 73,068 and Nifty rising 220 points to 22,776.
- •Domestic institutional investors bought equities worth ₹5,088.92 crore, successfully offsetting foreign outflows of ₹2,961.30 crore.
- •Brent crude hovered near $100 a barrel following increased West Asian exports and a price cut by Saudi Aramco.
- •The Reserve Bank of India is widely expected to hike the repo rate by 25 basis points to 5.5% in its upcoming policy decision.
- •Tata Trusts internal dispute intensified as Noel Tata and other trustees accused Venu Srinivasan and Vijay Singh of breaching fiduciary duties.
Key Questions Answered
The BSE Sensex and NSE Nifty ended higher for the second consecutive session on Tuesday, with the Sensex rising 685 points to close at 73,068 and the Nifty gaining 220 points to reclaim the 22,700 mark at 22,776.10.
A CNBC-TV18 poll indicates that the Reserve Bank of India's Monetary Policy Committee is widely expected to raise the repo rate by 25 basis points to 5.5%, marking the first rate hike after four consecutive policy meetings with unchanged rates.
The GST Council may consider a proposal during its upcoming meeting to review GST rates only once a year, with any approved changes taking effect starting April 1.
