Market Today: Sensex Jumps 300 Points, Nifty At Near 23,490 After RBI Keeps Repo Rate Unchanged

Market Updates Today: The domestic equity markets extended gains on Friday morning after the Reserve Bank of India (RBI) kept the repo rate unchanged at 5.25 per cent and maintained its policy stance at ‘neutral’, in line with market expectations.

At around 10:10 AM, the BSE Sensex was trading 294 points higher at 74,654.48, up 0.40 per cent. The NSE Nifty 50 gained 77.65 points, or 0.33 per cent, to 23,494.20.

RBI Holds Repo Rate At 5.25%, Retains Neutral Stance

The RBI’s Monetary Policy Committee (MPC), headed by Governor Sanjay Malhotra, unanimously voted to keep the benchmark repo rate unchanged at 5.25 per cent in the June 2026 policy review.

The central bank also retained its “neutral” policy stance, signalling flexibility in responding to evolving inflation and growth dynamics.

The decision

was largely in line with market expectations and helped support investor sentiment.

Financial Stocks Lead Market Gains

Banking and financial shares emerged as the biggest beneficiaries after the policy announcement.

Nifty Financial Services surged 1.20 per cent, while Nifty Financial Services 25/50 gained 1.24 per cent. Nifty PSU Bank jumped 1.42 per cent and Nifty Private Bank rose 0.39 per cent. Nifty Bank climbed 0.69 per cent to 54,683.40.

Among Sensex and Nifty constituents, Bajaj Finance was the top gainer, rising 3.53 per cent, followed by Bajaj Finserv (1.47 per cent), SBI (1.22 per cent), Adani Ports (0.95 per cent) and Hindustan Unilever (0.92 per cent).

Realty, Media Stocks Rally

Interest-rate-sensitive sectors also traded firmly in the green after the RBI refrained from tightening policy.

Nifty Realty advanced 1.34 per cent, while Nifty Media surged 2.90 per cent, making it the best-performing sectoral index. Nifty Consumer Durables gained 0.71 per cent and Nifty Chemicals rose 0.65 per cent.

Broader markets remained strong, with Nifty Midcap 100 climbing 0.56 per cent and Nifty Smallcap 100 adding 0.44 per cent.

IT, Metal Stocks Underperform

While most sectors traded higher, IT and metal shares lagged.

Nifty IT slipped 0.02 per cent despite initial gains at the open, while Nifty Metal fell 0.57 per cent, making it the worst-performing sectoral index.

Among individual stocks, Trent declined 1.49 per cent, Tata Steel dropped 1.40 per cent, HCLTech fell 0.63 per cent and Bharti Airtel lost 0.31 per cent.

Volatility Remains Subdued

The India VIX, often called the market’s fear gauge, fell 1.19 per cent to 15.70, indicating lower volatility expectations despite the policy event.

Investors will now closely watch Governor Sanjay Malhotra’s commentary on inflation, growth projections and future policy guidance for cues on the market’s next direction.