Analysts expect the Reserve Bank of India to lift the repo rate by 25 basis points, its first increase in nearly four years, while equity indices endure an eight‑week losing streak.
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Indian benchmarks are poised to open higher on Tuesday after GIFT Nifty indicated a positive start, while easing crude prices support sentiment worldwide.
GIFT Nifty futures pointed to a positive open for Indian markets on Oct. 5, but eight weeks of consecutive declines and weak global cues keep investors cautious.
Rising oil costs, a 10‑year US Treasury yield at a 22‑year high and aggressive foreign‑investor selling are weighing on the Nifty and Sensex ahead of key earnings.
India's equity indices fell for the eighth straight week, the longest streak in a quarter‑century, while the rupee slipped 50 paise to 96.32 per dollar.
India's Nifty index entered the October futures series amid a series of bearish indicators, including its worst September expiry in 25 years and record foreign investor selling.
The BSE Sensex rose 315 points to end at 73,896 while the NSE Nifty 50 closed at 23,140, with realty and auto shares leading gains amid a mixed sectoral landscape.
Indian equity indices are expected to open higher on Tuesday, driven by a fourth straight day of gains and a four‑session decline in crude oil prices.
The Nifty has slipped below key moving averages, with RSI below neutral and MACD in a bearish crossover, leaving the index squeezed between 23,500 resistance and a 23,000‑23,100 support zone.
Analysts cite falling oil prices, new U.S. sanctions on Russia, Iran‑related shipping disruptions and mixed foreign investor flows as the main forces that will steer the Nifty on Monday.