Nifty 50 Dips 0.13% Pre-Open: Cautious Pause Before RBI Policy Verdict

Pre-Open Dynamics

Nifty 50 showed early weakness at ~25,986-26,032 levels in the 9:00-9:15 AM pre-open window, down ~34 points or 0.13% from 26,032.20 prior close. This follows four-session consolidation near 26,000 support after recent downtrend, with volume spikes hinting accumulation. Gift Nifty at 26,177 (-0.04%) set tepid tone post Asian mixed cues.​

RBI Shadow Looms

Markets brace for MPC outcome at 10:00 AM, balancing strong 8.2% Q2 GDP against rupee at 89.84/USD and inflation softness. A 25 bps repo cut (60% odds) could spark rally to 26,100; status quo risks 25,900 test. FII outflows (₹25k Cr Dec) add pressure.​

Key Highlights

Pre-Open Change: -0.13% (~25,998 level indicated).​

Prior Close: 26,032.20; support 25,980, resistance 26,120.​

Gift Nifty: 26,177.50 (-11.50 pts, -0.04%).​

MPC Stakes: 25 bps cut odds 60%; volatility expected.​

Sources: NSE India, Moneycontrol, Streetgains