Benchmark indices Sensex and Nifty50 ended in the red on Wednesday after the Reserve Bank of India’s Monetary Policy Committee (MPC), led by Governor Sanjay Malhotra, kept the repo rate steady at 5.50 per cent.
Despite growing global trade concerns—including the recent 25 per cent tariff imposed by the US on Indian exports—the RBI maintained its GDP growth projection for FY26 at 6.5 per cent. Governor Malhotra noted that these global risks were already factored into the outlook, and current data does not justify a revision.
On a positive note, the central bank significantly lowered its inflation forecast for FY26 to 3.1 per cent from 3.7 per cent, citing easing food prices, a good monsoon, and strong foodgrain stock levels.
The 30-share benchmark index ended at 80543.99 down by -166.26 points or by -0.21 % and then NSE Nifty was at 24574.2 down by -75.35 points or by -0.31 %.
Sensex touched intraday high of 80834.43 and intraday low of 80448.82 The NSE Nifty touched intraday high of 24671.4 and intraday low of 24539.2
The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 2491.30,+2.19%), Adani Ports & Special Economic Zone Ltd. (Rs. 1366.65,+0.67%), State Bank of India (Rs. 805.15,+0.56%), Mahindra & Mahindra Ltd. (Rs. 3228.00,+0.55%), HDFC Bank Ltd. (Rs. 1983.00,+0.32%), among others.
The top losers of the BSE Sensex pack were Sun Pharmaceutical Industries Ltd. (Rs. 1594.10,-2.33%), Mahindra & Mahindra Ltd. (Rs. 1456.00,-1.97%), IndusInd Bank Ltd. (Rs. 803.15,-1.96%), Bajaj Finance Ltd. (Rs. 876.55,-1.67%), Infosys Ltd. (Rs. 1435.75,-1.64%), among others.
Bankex index was at 61684.31 up by 63.85 points or by 0.1%. Canara Bank (Rs. 108.75,+1.21%), Federal Bank Ltd. (Rs. 197.25,+0.66%), State Bank of India (Rs. 805.15,+0.56%), Bank of Baroda (Rs. 241.75,+0.46%), HDFC Bank Ltd. (Rs. 1983.00,+0.32%),.
HCS index was at 43412.36 down by -761.99 points or by -1.72%. Aarti Pharmalabs Ltd. (Rs. 816.45,-6.10%), Morepen Laboratories Ltd. (Rs. 53.25,-5.85%), Vimta Labs Ltd. (Rs. 620.80,-5.85%), Shilpa Medicare Ltd. (Rs. 820.50,-5.00%), Suven Life Sciences Ltd. (Rs. 255.10,-4.97%),.
The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 4424 , shares advanced were 1463 while 2779 shares declined and 182 were unchanged.