Snapping its 8-day losing streak, Indian equity benchmark -- Nifty -- ended significantly higher on Wednesday amid optimism over RBI’s monetary policy. Index made a positive start following broadly positive cues from other Asian markets. Soon, index gained traction and continued its trade in green terrain. Traders opted to buy fundamentally good stocks at lower levels. Sentiments remained optimistic after Reserve Bank of India (RBI) kept its policy interest rate unchanged at 5.50 per cent for the second consecutive time, citing concerns over tariff uncertainties. Further, RBI’s monetary policy committee (MPC) lowered FY26 consumer price index (CPI) estimates to 2.6 per cent and hiked GDP estimate for current year from 6.4 per cent to 6.5 per cent. In afternoon session, index continued its firm trade in green. Traders took a note of Commerce and Industry Minister Piyush Goyal’s statement that India is focusing on self-reliance by building capabilities and resilient supply chains, which will help the country tackle global challenges like weaponisation of trade. In last leg of the trade, index extended its gains and closed above 24,800 mark.
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