Indian stock markets witnessed a strong rally today, with the Nifty reclaiming the 25,200 mark and Nifty Bank surging by 700 points following the Reserve Bank of India’s (RBI) decision to change its policy stance to ‘Neutral.’ This move by the RBI has bolstered investor sentiment, pushing key indices higher across the board.
Nifty: Stock Price Details
- Open: 25,065.80
- High: 25,221.45
- Low: 25,031.35
- Previous Close: 25,013.15
- LTP: 25,210.80 (+197.65 / +0.79%)
Bank Nifty: Stock Price Details
- Open: 51,161.75
- High: 51,707.15
- Low: 50,905.55
- Previous Close: 51,021.00
- LTP: 51,657.20 (+636.20 / +1.25%)
Other Key Indices Performance
- Sensex: 82,224.81 (+590.00 / +0.72%)
- Bankex: 58,647.02 (+841.61 / +1.46%)
- Nifty Next 50: 75,843.15 (+1,245.85 / +1.67%)
- FinNifty: 23,806.30 (+353.45 / +1.51%)
- MidCap Nifty: 13,022.05 (+147.45 / +1.15%)
- India VIX: 13.75 (-0.84 / -5.76%)
The market responded positively to the RBI’s policy change, with broad-based buying across sectors, including banking, financials, and mid-cap stocks. The drop in volatility, as seen in India VIX’s sharp decline, further supported the market’s rally.
