Key Highlights
- The benchmark indices closed with modest gains as investors awaited the Reserve Bank of India’s interest rate decision.
- RBI Governor Sanjay Malhotra is set to announce the policy outcome on Friday, 5 December.
- Sumeet Bagadia, Executive Director at Choice Broking, believes that the Indian stock market sentiment is cautious to positive, as the Nifty 50 index has regained 26,000, finishing marginally higher after three consecutive sessions of losses.
- “However, the 50-stock index is still range-bound in the 25,800 to 26,300 band.
- A bullish or a bearish trend can be assumed on the breakage of either side of the range.
