Sensex up 300 pts; Nifty Realty gains 2%; RBI lowers GDP& inflation forecasts for FY27

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The Nifty50 and the Sensex were trading higher as the Reserve Bank of India held rate steady at 5.25 per cent and maintained neutral stance in line with expectation. Governor Sanjay Malhotra said in his policy speech on Wednesday that the central bank expects core inflation may continue to moderate while headline inflation may increase due to supply-side pressure.
Inflation may peak in the third quarter (Q3FY27). The central bank projected India’s GDP growth at 6.7 per cent for the current financial year. The headline inflation for the current financial year is forecasted at 5 per cent, compared to earlier estimate of 5.1 per cent.  The Sensex rose 346.44 points or 0.44 per cent to 78,775.39 and the Nifty50 was flat at 24,610.15.

In the broader markets, the Nifty MidCap and the Nifty SmallCap were up 0.32 per cent and 0.72 per cent, respectively.  Sector-wise, the Nifty Realty rose nearly 2 per cent and outperformed its peers. The Nifty Auto and the Nifty PSU Bank also outperformed. Meanwhile, the Nifty FMCG and the Nifty Pharma underperformed.

 

Q1 Results Today

 Aegis Vopak Terminals, AJAX Engineering, Allcargo Logistics, All Time Plastics, ArisInfra Solutions, Asahi India Glass, Aster DM Quality Care, Aurobindo Pharma, Automotive Axles, Bayer CropScience, Berger Paints India, Bikaji Foods International, Biocon, Brigade Hotel Ventures, Cohance Lifesciences, Cummins India, Datamatics Global Services, eClerx Services, FDC, Garware Technical Fibres, Gateway Distriparks, GMM Pfaudler, Gujarat Narmada Valley Fertilizers & Chemicals, Godrej Agrovet, GE Vernova T&D India, Inventurus Knowledge Solutions, Ion Exchange India, JK Lakshmi Cement, JTL Industries, Kirloskar Ferrous Industries, Mayur Uniquoters, Navin Fluorine International, Neuland Laboratories, Paisalo Digital, Pearl Global Industries, PB Fintech, Power Grid Corporation of India, Shree Renuka Sugars, Rane (Madras), Rolex Rings, Shilpa Medicare, SIS, Time Technoplast, Whirlpool of India

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