India Macro Daily(Beta Mode)
Nifty Climbs as PMI Slows, RBI Looms
Market Snapshot
| Asset | Level | Change |
|---|---|---|
| Nifty 50 | 24,703.90 | +1.31% |
| Sensex | 78,094.64 | +0.21% |
| USD/INR | 95.33 | -0.07% |
| EUR/INR | 109.71 | -0.25% |
| Reliance | 1,307.80 | +1.15% |
| HDFC Bank | 748.15 | -0.77% |
| Brent Crude | 84.71 | -6.00% |
| Gold | 4,112.30 | +1.56% |
| Bitcoin | 63,752.16 | +0.43% |
| India Short-term Rate | 5.50% | +0.00% |
| India Long-term Rate | - | - |
Prior Economic Events
| Data | Prior | Cons | Actual |
|---|---|---|---|
| No events available | |||
India Short-term Interest Rate | Type: macro_line | Rate (%): 5.5 (2026-05-01) | Range: 4.25–6.75 | Trend(5pt): 4.25,6.15,6.75,6.5,5.5
Today's Economic Events
| Data | Prior | Cons | Time |
|---|---|---|---|
| Wednesday (2026-08-05) | |||
| RBI Interest Rate Decision | 5.25 | 5.25 | 20:30 |
- Nifty 50 rises 1.31% to 24,703.90 while Sensex gains 0.21% on IT and bank strength
- Manufacturing PMI falls to near five-year low in July amid slower output
- RBI expected to hold rates at 5.25% as consensus aligns with prior level
Yesterday's Recap
Indian equities advanced with Nifty 50 climbing 1.31 percent to 24,703.90 and Sensex adding 0.21 percent to 78,094.64 as IT and financial stocks led gains. Brent crude dropped 6 percent to 84.71, easing input costs and supporting sentiment. USD/INR eased 0.07 percent to 95.33 while EUR/INR fell 0.25 percent.
Reliance rose 1.15 percent to 1,307.80 but HDFC Bank slipped 0.77 percent. Manufacturing PMI data released for July showed a near five-year low, with the suppliers’ delivery times index rising according to HSBC economist Pranjul Bhandari. Gold gained 1.56 percent to 4,112.30 and Bitcoin added 0.43 percent.
Banking coverage reached 99.92 percent of villages, underscoring financial inclusion progress. Weakening rupee raises import costs for exporters and adds to inflation pressures. Near-universal village banking coverage supports credit access yet does little to offset manufacturing softness.
July PMI slowdown signals moderating domestic demand and longer delivery times that may persist.
The Day Ahead
Markets await the RBI Interest Rate Decision scheduled for 20:30 ET with consensus pointing to a hold at 5.25 percent. No other high-impact Indian data releases appear on the calendar for the session. Traders will monitor any accompanying statement for guidance on inflation and growth.
Geopolitical easing around Iran and the sharp crude decline may continue to influence flows into financials. Volume in Nifty futures and options will likely rise ahead of the policy outcome. UP to get relief from humid conditions with IMD predicting intense rainfall over next 4-5 days after deficient monsoon of 29 percent below normal so far.
Other Economic Notes
Weakening rupee raises import costs for exporters and adds to inflation pressures in key sectors. Near-universal village banking coverage supports credit access yet does little to offset manufacturing softness. July PMI slowdown signals moderating domestic demand and longer delivery times that may persist.
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