The Reserve Bank of India has raised its benchmark repo rate by 25 basis points to 5.5%, marking its first rate increase in nearly four years. The decision was taken unanimously by the six-member Monetary Policy Committee, which also shifted its policy stance from neutral to calibrated tightening.
Date 07.10.2026
Technical Summary Nifty
As discussed yesterday market behavior remained on the expected lines during the day, as bulls were take the control and CAS advance the nifty rally up to 22776.1
Oil prices remained elevated on Wednesday as investors assessed fresh risks involving Saudi Arabia, Yemen’s Houthi group and the wider Middle East conflict. Brent crude rose around 1% to approximately $101.65 a barrel, while US crude moved above $90 a barrel.
Inox Wind Ltd.’s wholly owned subsidiary, Vibhav Energy Pvt. Ltd., has completed the payment of Rs.550 crore towards the acquisition of the operations and maintenance business of Wind World (India) Ltd.
Meesho Ltd. has approved an investment of up to Rs.50 crore in Retail Pulse Labs Pvt. Ltd. The proposed investment is linked to the first tranche of Meesho’s acquisition of Kirana Club Pte. Ltd. and its subsidiary, Retail Pulse Labs.
JSW Cement Ltd. has commissioned an additional cement grinding unit with a capacity of 1 million tonnes per annum at Nagaur, Rajasthan. The commissioning forms part of the company’s ongoing efforts to expand its production capacity and strengthen its presence in northern India.
Pentacle Consultants (I) Ltd. has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for a proposed IPO. The offering comprises a fresh issue of up to Rs.106.7 crore along with an offer for sale of up to 21.25 lakh shares.
Inox Air Products Ltd. has filed its DRHP with SEBI for a proposed IPO consisting entirely of an offer for sale. Existing shareholders plan to sell up to 7.7 crore shares, meaning the proposed issue will not include a fresh share component for raising new capital.
50th AGM of Pennar Industries highlights: 1) Management targets Rs.10,000 cr. revenue versus current Rs.3,600 cr., supported by large addressable markets across its five focused business verticals in India and the USA. 2) Major capex is largely complete, while………………….
Indian equity benchmarks opened lower on Wednesday, October 7, as investors remained cautious ahead of the Reserve Bank of India’s monetary policy decision. The Sensex declined 439.86 points, or 0.60%, to 72,627.95, while the Nifty 50 fell 161.10 points, or 0.71%, to 22,615 in early trade.
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