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Indian Markets Rebound as Volatility Persists Before RBI Policy Decision

Foreign investors offloaded over ₹2,850 crore, with domestic support driven by strong macro indicators keeping indices afloat before the RBI policy decision.

Overview

  • The BSE Sensex climbed roughly 230 points to 80,967 and the NSE Nifty gained about 70 points to 24,613 on Wednesday, reversing a three-day decline.
  • Foreign portfolio investors sold ₹2,853.83 crore of equities on Tuesday while domestic institutions purchased ₹5,907.97 crore, according to provisional NSE data.
  • Uncertainty driven by US President Donald Trump’s increase of steel and aluminium tariffs to 50% from June 4 has kept market moves range-bound.
  • Traders are positioning ahead of the Reserve Bank of India’s monetary policy meeting on June 6, with a rate cut seen as a key possibility.
  • Analysts point to India’s robust macroeconomic indicators and sustained mutual fund inflows as factors cushioning the market against global headwinds.