Indian Markets Defy Global Weakness Ahead of RBI Policy Decision

Indian equities staged a robust rally on Monday, with the Nifty 50 climbing 0.64% to 24,722.75 and the Sensex gaining 0.52% to 81,018.72. The advance came despite softness in US markets, demonstrating domestic resilience ahead of the Reserve Bank of India's policy announcement later this week.

Defense and metal stocks led the charge, surging over 2.5% as all major sectors closed in positive territory. The rally extended to broader indices, with the Nifty Midcap 100 jumping 1.4% and the Nifty Next 50 rising 1.09%.

"Today's rebound reflects underlying market strength," noted Shrikant Chouhan of Kotak Securities. The sustained upward trajectory throughout the session suggests investors are betting on favorable policy outcomes, brushing aside global macroeconomic concerns.