Indian benchmark indices closed higher on Thursday as the Sensex and Nifty posted gains following a policy update from the Reserve Bank of India [1, 2].
The market movement reflects investor confidence after the RBI decided to keep policy rates unchanged. This stability, combined with shifts in global oil prices, provided a supportive environment for equity trading in Mumbai [1, 2].
Trading data from the final hour of the session showed broad gains across the board. All sectoral indices rose by one percent each [1]. Other reports indicated that indices rose by nearly one percent each during the session [2].
Closing figures for the benchmark indices varied across reporting outlets. According to the Economic Times, the Sensex settled 889 points higher [2] and the Nifty topped 24,250 points [2]. However, Moneycontrol said the Sensex gained 460 points [1] and the Nifty ended above 17,600 points [1].
These fluctuations follow a period of volatility in the broader market. In a separate reporting period, the Nifty 50 had previously scaled an all-time high of 18,816 points [3]. During that specific session, the Sensex closed up 0.67 percent while the Nifty closed up 0.75 percent [3].
The National Stock Exchange of India saw significant activity on the trading floor as investors balanced the domestic interest rate stability against external economic pressures. The overall positive trajectory suggests a risk-on sentiment among traders following the central bank's decision to maintain the current monetary status quo [1, 2].
“All sectoral indices rose by one percent each”
The divergence in reported closing numbers across financial news outlets highlights the volatility of real-time market data during the closing bell. However, the consistent upward trend across both the Sensex and Nifty indicates that the RBI's decision to hold interest rates steady acted as a catalyst for bullish sentiment, outweighing concerns regarding global oil price instability.
