Nifty 50 (.NSEI) opened marginally lower by 0.05% near 26,020 ahead of RBI MPC's Dec 5 policy at 10 AM IST. Markets consolidate nervously post-4 day 0.8% pullback, balancing 60% 25 bps cut odds against rupee weakness and sticky liquidity.
Nifty debuted at ~25,986-26,037 (down 13-46 pts or 0.05-0.18%) mirroring Gift Nifty's flat 26,060 signal amid Asian caution. Sensex hovered ~85,100-85,325 (+/-0.04%). Pre-policy caution prevails after Q2 GDP beat tempered aggressive easing bets; rupee at 89.84 adds pressure.
MPC Spotlight
RBI likely holds repo at 5.50% (BoB survey) or cuts 25 bps to 5.25% (60% polled odds), retaining neutral stance. Cut favors autos/realty; status quo boosts banks via NIMs. Support at 25,910/25,870; resistance 26,050/26,150. FII outflows (₹25k Cr Dec) cap upside.
Key Highlights
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Nifty Open: ~26,020 (-0.05%; prior 26,033.75).
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Range: Support 25,910; resistance 26,050.
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MPC Odds: 25 bps cut 60%; status quo eyed.
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Sectors: Banks +0.13%; broader indices mixed.
Sources: DhanamOnline, Economic Times, India Today, Moneycontrol