{
  "id": 12288822,
  "title": "Indian shares poised to extend rebound ahead of RBI policy verdict",
  "url": "https://urgent.news/2026/10/06/indian-shares-poised-to-extend-rebound-ahead-of-rbi-policy-verdict",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T03:06:54.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442855/indian-shares-poised-to-extend-rebound-ahead-of-rbi-policy-verdict"
  },
  "original_language": "en",
  "account": "Indian equities are set to rise further on Tuesday, building on their earlier recovery from the prior trading day. Support from overseas indicators and upbeat quarterly earnings updates are boosting investor confidence ahead of a pivotal Reserve Bank of India policy announcement. As of 7:19 a.m. IST, Nifty futures were valued at 22,648 points, indicating a promising opening for the benchmark Nifty 50, which had previously closed at 22,555.75. The Nifty and Sensex were up by 0.6% and 0.7% respectively in the previous session, after a record 25-year streak of weekly declines. This positive movement was driven by declining oil prices and reduced worries about aggressive U.S. interest rate hikes after weaker-than-anticipated jobs data. Financial sector companies posting strong quarterly results and gains in consumer and energy stocks also contributed to the rally. Ajit Mishra, a senior research officer at Religare Broking, noted that the Nifty has shown signs of recovery after testing a crucial support range between 22,400 and 22,600. The next key level to watch is the 22,650-22,800 range, which is expected to pose the initial challenge. Now, the focus will shift to the Reserve Bank of India's rate decision on Wednesday. Market expectations are leaning towards a 25-basis-point hike, the central bank's first increase since February 2023, in response to concerns over oil prices exceeding $100 per barrel, a weakening rupee, and the weakest monsoon in a decade. International markets began the day higher following a strong performance on Wall Street, with the tech-driven Nasdaq Composite reaching a new record high. Brent crude futures were trading close to $100 per barrel after a $2 drop on Monday, pressured by heightened supplies from the Middle East and a G7 commitment to boost exports, while threats from the U.S.-Iran conflict limited the price decline. Foreign portfolio investors were net sellers for the seventh day in a row on Monday, offloading 46.99 billion rupees ($488 million). However, domestic institutional investors balanced the outflow with net inflows of 51.82 billion rupees, according to preliminary NSE data.",
  "summary": "Indian shares are likely to open higher on Tuesday , extending their rebound from the previous session as supportive global cues and positive quarterly business updates lift sentiment ahead of a crucial central bank policy decision. GIFT Nifty futures were trading at 22,648 points, as of 7:19 a.m. IST, signalling a positive start for the benchmark Nifty 50, which closed at 22,555.75 on Monday.…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}