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Indian Markets Dip Ahead of RBI Policy, CAS Impact
4 Aug
Summary
- Indian benchmark indices fell, ending a four-day winning streak.
- Investors booked profits before the RBI's monetary policy decision.
- New NSE Closing Auction Session introduced increased volatility.
Indian stock markets experienced a downturn on Tuesday, breaking a four-session winning streak. Investors adopted a cautious stance, booking profits ahead of the Reserve Bank of India's monetary policy decision scheduled for Wednesday, August 5, 2026. The market's sentiment was also influenced by the weekly expiry of Nifty 50 derivatives and increased volatility following the implementation of the NSE's new Closing Auction Session.
The Nifty 50 index closed below the 24,650 mark, with the S&P BSE Sensex declining by 210.08 points. Oil & gas and FMCG sectors were the primary contributors to the fall. However, broader market indices like the BSE 150 MidCap Index and BSE 250 SmallCap Index saw modest gains, outperforming the frontline indices. The India VIX, a volatility gauge, rose by 1.86% to 12.15.
