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The Hindu
Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
The Indian stock market benchmark indices, Sensex and Nifty, gained in early trade as lower crude oil prices boosted investor sentiment. Reliance Industries saw increased buying interest, contributing to the rise. The Reserve Bank of India's decision to keep interest rates unchanged while improving GDP forecasts adds to the favorable economic outlook.
MonitorConfidence: HighShort term horizon
Published 6 Aug 2026, 06:35 UTC2 min read
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Summary
TL;DR
- Sensex climbed 201.43 points to 78,782.43.
- Nifty gained 16.35 points to 24,641.
- Lower crude prices with Brent at $79.35 per barrel.
- RBI maintained its policy repo rate at 5.25%.
- Major stocks like Titan, Reliance, and SBI gained.
- Asian markets showed mixed performance.
Interesting facts
- The introduction of a new auction mechanism for prices of stocks with futures and options contracts.
- RBI's forecasted GDP growth was upgraded to 6.7% for the fiscal year.