RBI’s unexpected twenty five basis point rate cut to five point two five percent drove a strong risk‑on rally in stock market India, with Sensex, Nifty fifty and BankNifty all closing firmly higher.
Banking and financials led today’s market trends India, as Shriram Finance, State Bank of India, Bajaj Finserv and Adani Enterprises rallied on expectations of cheaper funding and better credit growth.
Defensives and select consumption names underperformed in the market updates, with Hindustan Unilever sliding on its ice‑cream business demerger record date, and weakness seen in InterGlobe Aviation, Trent and Sun Pharma.
Midcaps saw selective strength while smallcaps lagged, with M&M Finance, Patanjali Foods and SBI Cards outperforming, but Nifty Smallcap names like Kaynes Technology tumbling on governance and accounting concerns.
Key technical market catalysts included Nifty fifty breaking out above a consolidation band; resistance is now seen around twenty six thousand three hundred to twenty six thousand four hundred forty, with strong support near twenty six thousand sixty to twenty six thousand.
BankNifty held important support near fifty nine thousand and rebounded toward intraday highs around fifty nine thousand seven hundred seventy seven, keeping the short term bias positive as part of the broader daily market preview.
SEBI’s latest F&O reforms went live, tightening intraday surveillance on market wide position limits and imposing strict hard caps on index derivatives exposure, which is set to reshape derivatives trading behavior and expiry‑day volatility.
The Meesho IPO closed with over thirty three times subscription and a sharply positive grey market premium, signaling strong investor appetite for new‑age digital and e‑commerce themes in stock market India.
The rupee remained weak near record lows against the US dollar, underscoring ongoing foreign outflows and becoming an important macro risk to watch alongside domestic market trends India.
Actionable takeaway from today’s daily market preview: traders may look to buy on dips in quality financials and autos, as long as Nifty holds above the key twenty six thousand support zone and the broader uptrend structure remains intact.