Indian equities are heading into Friday’s session with a positive bias after the RBI kept the repo rate unchanged at 5.25% and maintained its neutral policy stance. The central bank’s decision has provided some stability to domestic markets, while easing crude prices and strong foreign investor participation are also supporting sentiment. The Nifty is expected to remain in a consolidation zone, with the 24,700–24,800 area emerging as an important near-term resistance band.
Investors will now shift their attention towards Q1 FY27 earnings, global market cues and developments in West Asia. The newly introduced closing-auction mechanism is also being closely monitored after creating some divergence between the Sensex and Nifty during the week.
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