Overview
- Sensex closed up 266.47 points at 83,580.40 and Nifty gained 50.90 to 25,693.70 after a late-session recovery.
- The MPC voted unanimously to keep the repo rate at 5.25% and retain a neutral stance, with traders noting a rise in 10-year bond yields.
- The RBI proposed permitting bank loans to REITs under prudential safeguards, a step viewed as supportive for long-term real estate financing.
- FMCG and private banks led gains, IT lagged, and ITC was the top Sensex gainer at roughly 5%, while TCS and Tech Mahindra declined.
- Exchange data showed FIIs were net sellers by about Rs 2,150.51 crore the previous day, and market breadth remained negative despite the rebound.