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Gift Nifty Signals Cautious Start As Markets Await RBI Policy Decision
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News18•07-10-2026, 08:10
Gift Nifty Signals Cautious Start As Markets Await RBI Policy Decision
- •Gift Nifty traded down 40.5 points at 22,733.5, signaling a cautious opening for Indian equity markets.
- •The Reserve Bank of India Monetary Policy Committee decision is the primary domestic trigger for investors today.
- •Crude oil prices remain a key risk factor with Brent staying above 100 dollars a barrel, threatening India inflation outlook.
- •US markets closed positively overnight while Asian indices showed steady movement with marginal gains.
- •Benchmark indices Sensex and Nifty rallied sharply in the previous session driven by buying in bank stocks and Reliance Industries.
Key Questions Answered
Gift Nifty was trading down at 22,733.5 on Wednesday morning, signaling a cautious start for Indian equity markets as investors awaited the Reserve Bank of India's Monetary Policy Committee (MPC) decision.
Elevated crude oil prices, with WTI around $90 and Brent above $100 a barrel, pose an external risk that can negatively affect India's inflation outlook, current-account position, and overall investor sentiment.
Benchmark indices Sensex and Nifty ended sharply higher, extending their rally for the second straight session as crude oil prices declined below $100 per barrel alongside buying in bank stocks and Reliance Industries.
