Stock Market Today: Nifty, Sensex Snap Eight-Day Losing Streak As Bulls Bounce Back Post RBI Rate Decision

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• Rupee closed 9 paise stronger at 88.69 against the greenback, according to Bloomberg.

• It closed at 88.78 a dollar on Tuesday.

• Nifty trades above 24,800 mark, as RBI keeps Repo Rate unchanged at 5.5%

• Nifty snaps 8-day losing streak, closes above 24,800 mark

• Nifty Media gains over 3.5% for the day, emerges as the top gaining sector for the day

• Nifty Financials lead the rally in Nifty

• Tata Motors and Shriram Finance gains over 5%, emerges as the top gainers in Nifty

• Shriram Finance and Kotak Mahindra Bank gains the most in Nifty Financials

• Kotak Mahindra Bank and Axis Bank gain over 2% in trade

• Nifty Bank and financials gains as RBI eases key curbs

• Benchmarks slightly underperformed broader market indices

• Nifty Midcap 150 gains for the 3 consecutive day

• Nifty Smallcap 250 gains for the 2 consecutive day

• All sectors gain in trade barring Nifty PSU Bank

• Nifty Pharma snaps 7-day losing streak; gains over 1.4% for the day

• Nifty Metal, Financial Services, Bank gains for the 3 consecutive day

• Nifty IT snaps 8-day losing streak

• Nifty Media snaps 6-day losing streak.

In terms of volume buzz, counters that are seeing high volume are Tata Motors, Shariram Finance, ICICI Bank and HDFC Bank ahead of market close.

Ashok Leyland Sales Key Highlights (YoY)

• Total Sales up 9% at 18,813 Units

• Domestic Sales up 7% at 17,209 Units

• Domestic M&HCV Sales up 3% at 10,499 Units

• Total LCV Sales up 14% at 7,005 Units