Jobaaj Stories
Indian equity markets opened on a resilient note Tuesday, bolstered by liquidity support from the Reserve Bank of India (RBI), even as global markets remained under pressure due to geopolitical and economic concerns.
The BSE Sensex climbed 205 points or 0.26 percent to reach 79,613, while the Nifty50 added 52 points or 0.21 percent to trade at 24,177 around 9:36 AM.
The RBI’s recent move to ease capital buffer requirements on digitally accessible deposits spurred investor confidence. Banks are now allowed to assign a lower buffer rate of 2.5 percent for these deposits, with a one-year window to comply. This regulatory step helped Nifty Bank stocks rise as much as 1.4 percent in early trade.
Top performers in the Sensex pack included Eternal, Kotak Mahindra Bank, Tata Steel, HDFC Bank, and Bajaj Finance, gaining up to 3.4 percent. On the other hand, IndusInd Bank, Infosys, Power Grid, Asian Paints, and HCL Tech were among the early losers.
Meanwhile, IT stocks faced selling pressure amid weak global sentiment. Infosys, HCL Tech, Wipro, and TCS dropped by up to 1.7 percent after US President Donald Trump criticized Federal Reserve Chair Jerome Powell for not implementing deeper rate cuts. This commentary triggered a 2.5 percent drop in major US indices and pushed the dollar to a three-year low.
Disclaimer:
Market investments are subject to market risks. This content is intended for informational purposes only and should not be construed as financial advice. Always consult a qualified financial advisor before making investment decisions.
