Neutral impactStocks
IT stocks lift Nifty despite rate hike, FII selling pressure
BusinessLine 4 hrs ago·15 Oct 2026, 9:32 pm
India's benchmark index, Nifty 50, managed to stay in the green on Wednesday despite a 25 basis point hike in the repo rate by the Reserve Bank of India (RBI). The central bank shifted its policy stance to 'calibrated tightening' to manage inflation, which usually puts pressure on equities. However, the rally was sustained by strong buying in information technology (IT) stocks, which are less sensitive to interest rate changes.
For investors, this move signals that the central bank is prioritizing price stability over immediate growth support. The resilience of the IT sector highlights its importance in the current market environment. Going forward, market participants will closely watch how global cues and domestic corporate earnings react to this new monetary policy framework.
Excerpt from BusinessLine
Equity benchmarks opened lower on Thursday, October 8, 2026, as markets absorbed the Reserve Bank of India's surprise repo rate hike and weak global cues, even as IT heavyweights led by TCS climbed ahead of quarterly results due later in the day. The Sensex , which had closed at 72,638.70 on Wednesday, opened at…Read the original at BusinessLine
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