Indian equity markets are set for a closely watched trading session as investors await the outcome of the Reserve Bank of India’s Monetary Policy Committee (MPC) meeting, scheduled to be announced at 10 a.m. The decision is expected to provide guidance on interest rates, inflation management, economic growth projections, and currency stability.
Early market indicators suggested a cautious opening. GIFT Nifty was trading at 23,551, up about 0.05%, indicating the possibility of range-bound trading rather than significant market moves. Meanwhile, India VIX, which measures market volatility, declined around 2.4% to 15.88, indicating a moderation in investor anxiety and relatively stable market conditions.
The RBI MPC decision remains the primary focus for market participants. The policy announcement is expected to provide signals regarding the direction of interest rates, the central bank’s inflation-control strategy, economic growth estimates, and the stability of the rupee. Market experts expect the RBI to remain in a “wait-and-watch” mode, which could limit the scope for significant market volatility.
Global markets presented a mixed picture. US markets closed marginally higher on Thursday as easing geopolitical tensions supported investor sentiment, although weakness persisted in the semiconductor sector. Asian markets traded lower, with Japan’s Topix remaining largely flat, Australia’s S&P/ASX 200 declining about 0.6%, and US S&P 500 futures falling approximately 0.5%.
Sentiment surrounding the artificial intelligence sector appeared to moderate, putting pressure on technology stocks. Crude oil prices remained stable, although caution persisted due to geopolitical tensions in West Asia and uncertainties surrounding ceasefire developments.
Among individual stocks, Aurobindo Pharma will remain in focus after receiving final approval from the US Food and Drug Administration (USFDA) to manufacture and market Tofacitinib Tablets in 5 mg and 10 mg strengths. The drug is used in the treatment of rheumatoid arthritis.
CG Power and Industrial Solutions announced the commencement of operations at its new extra-high-voltage (EHV) switchgear facility in Nashik, Maharashtra. The facility is expected to enhance the company’s manufacturing and order execution capabilities.
HDFC Asset Management Company (HDFC AMC) has decided to temporarily suspend lump-sum investments in its Gold ETF and Gold ETF Fund of Fund (FoF), citing prevailing market conditions and investment inflows.
InterGlobe Aviation, which operates IndiGo, has temporarily adjusted its international network due to weaker demand and cost pressures. The airline will suspend services on certain Asian routes through the July–September 2026 period and plans to resume operations from October.
AvenuesAI reported that its subsidiary has received in-principle approval from the Central Bank of the UAE for payment services operations. The development marks a step in the company’s international expansion plans.
Market participants are expected to maintain a cautious approach until the RBI policy decision is announced, with trading likely to remain range-bound and driven primarily by stock-specific developments.
