The Indian stock market showcased significant volatility as investors awaited the Reserve Bank of India’s policy announcement. The Nifty index displayed a bullish trend despite fluctuations, maintaining its position above key moving averages. Immediate resistance is observed in the 24,800-24,830 range, with potential upward movement toward the 25,000 level if surpassed.
Foreign Institutional Investors (FIIs) remained net buyers, injecting ₹8,539 crore, while Domestic Institutional Investors (DIIs) booked profits of ₹2,303 crore. Sectoral indices, including IT and banking, demonstrated mixed performance.
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