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GIFT Nifty Hints At Gap-Down Start As RBI Monetary Policy Decision Awaited
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CNBC TV18•07-10-2026, 07:59
GIFT Nifty Hints At Gap-Down Start As RBI Monetary Policy Decision Awaited
- •GIFT Nifty extends losses to 120 points, signaling a gap-down start for the stock market.
- •The Reserve Bank of India is set to announce its monetary policy decision with a consensus expecting a 25 basis points rate hike.
- •Investors and market bulls will closely monitor the central bank's stance, inflation forecasts, and governor commentary.
- •Rate-sensitive sectors including banks, NBFCs, and real estate will remain in sharp focus during the session.
- •Nifty looks to sustain above the 22,800 level to pave the way toward reclaiming the 23,000 mark.
Key Questions Answered
Market consensus anticipates a 25 basis points rate hike by the central bank during its monetary policy announcement.
Rate sensitive sectors such as banks, Non-Banking Financial Companies (NBFCs), and Real Estate are expected to remain in focus.
Market analysts advise watching for 55,500 levels on the upside for the Nifty Bank index, while the 54,750 zone serves as a key support level.
