Indian equity benchmarks opened in positive territory on Thursday, August 6, driven by a decline in crude oil prices and sustained buying interest in Reliance Industries.
The Sensex and Nifty 50 both started the session higher, reflecting improved investor sentiment despite mixed signals from global markets.
25%, providing a stable monetary backdrop that has supported market confidence.
The rally comes as the Reserve Bank of India (RBI) maintained its repo rate at 5.25%, providing a stable monetary backdrop that has supported market confidence.
Investors appear to be weighing the steady policy stance against broader global uncertainty, with domestic large-caps leading the charge.
Reliance Industries emerged as a key driver of the day's gains, with its performance helping to offset weakness in other sectors.
The drop in crude oil prices also provided a tailwind for the broader market, reducing input cost pressures for downstream players and improving the trade balance outlook.