Top 2 stocks to buy for short-term: Bank of Maharashtra, Usha Martin by Nagaraj Shetti - Check stop loss, targets
AI Summary
The RBI's decision to raise the repo rate signals a tightening monetary policy aimed at combating inflation, which could lead to increased borrowing costs for consumers and businesses. Retail investors should be cautious, as this environment may create volatility in the stock market, particularly in interest-sensitive sectors like real estate and banking. Additionally, the recent dip in the Nifty 50 suggests that investors should closely monitor support levels and be prepared for potential further declines before considering new positions.
Stock market today: The domestic benchmark indices snapped a two-day winning streak on Wednesday after the RBI raised the repo rate by 25 basis points to 5.5% and shifted its policy stance to “calibrated tightening”, citing inflation risks from elevated oil prices and tighter global monetary conditions.
The Nifty 50 fell 0.76% to 22,603.05, while the Sensex declined 0.59% to 72,638.70. Both indices were already down around 0.7% ahead of the policy decision. The rupee slipped to a five-month low against the US dollar, while bond yields rose after the announcement. Brent crude gained 1.3% to around $102 a barrel.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 07 October 2026.
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