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The RBI adopted a cautious yet flexible monetary policy, deferring immediate rate cuts despite divided market expectations. Governor Shah highlighted strong growth and low inflation, while the RBI also enhanced flexibility for Indian banks in capital market exposure to boost domestic investment and corporate restructuring. This offers reassurance, though equity markets will focus elsewhere.

Indian equity markets, led by the banking sector, staged a recovery on Tuesday after eight consecutive declines. Analysts believe this signals a sustained rebound, fueled by oversold conditions and the RBI s dovish stance hinting at future rate cuts. Bank Nifty is expected to continue its upward momentum towards 57,000, potentially lasting until Diwali.

InCred Equities expects Hyundai Motor India to see limited benefits from the GST rate cut, given its heavy reliance on SUVs, exports, and spares. The brokerage raised FY26F–28F sales estimates by just 3%, versus higher industry upgrades, citing weaker exposure to compact cars. Valuations are now 26% above Maruti Suzuki’s. Hyundai shares have risen 50% in six months.

"RSI trending up" means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the stock price.

India s IPO market is set for a record October, with companies projected to raise over $5 billion, showcasing robust domestic investor appetite. Big-ticket offerings from Tata Capital and LG Electronics local unit are boosting confidence in the $5 trillion stock market s absorption capacity. This momentum, driven by consistent mutual fund inflows, positions India as a key equity hub.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

ICICI Bank share price: ICICI Bank disclosed receiving a Rs 216.27 crore GST Show Cause Notice from the Mumbai East Commissionerate. The notice relates to services provided to customers maintaining minimum account balances. The bank is engaged in ongoing litigation on similar matters, with financial implications yet unclear.

Bharti Airtel share price: Bharti Airtel has partnered with Swift Navigation to launch India’s first AI/ML-powered cloud-based precise positioning service, offering centimetre-level location accuracy. The solution targets smart tolling, autonomous vehicles, logistics, railways, and agriculture, with initial deployment in NCR and plans for nationwide expansion.

Indian government bond yields remain steady as markets await the Reserve Bank of India s monetary policy decision today. While a majority anticipate unchanged rates, increasing calls for a 25-basis-point cut are emerging, with several large firms now expecting a reduction. Bond traders hope for dovish commentary hinting at future rate cuts.