Key Highlights
- The BSE Midcap index fell 0.19% while the Smallcap index dropped 0.32%.
- "Weakness in the rupee continues to pressure sentiment, coupled with caution ahead of the MPC policy outcome.
- Additionally, mixed global cues failed to spark any meaningful reaction.
- Going ahead, with the MPC outcome in focus, a 25 bps rate cut appears largely priced in, making the committee’s commentary more crucial for determining the next directional move," said Ajit Mishra, SVP of Research at Religare Broking.
- Mishra underscored that the Nifty 50 is still holding above its first support zone—the 20 DEMA around 25,950—despite the volatility, aided by renewed buying interest in private banks and IT.
