Nifty eyes 26,440 as RBI rate cut boosts benchmarks; Bank Nifty bullish.

business
M
•05-12-2025, 16:51
Nifty eyes 26,440 as RBI rate cut boosts benchmarks; Bank Nifty bullish.
- •Equity benchmarks settled higher Friday after the RBI cut the key policy rate and announced liquidity measures.
- •Nifty advanced 0.59% to 26,186.45, with analysts suggesting it could reach 26,440 if it holds 26,060.
- •Bank Nifty formed a long bullish candlestick, with its trend remaining positive and resistance seen near 60,000.
- •The RBI's monetary policy committee unanimously cut the repo rate by 25 basis points to 5.25%.
Why It Matters: RBI rate cut signals potential market gains for investors.
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