Indian equity markets rallied ahead of the Reserve Bank of India policy outcome as investors anticipate a status quo. The S&P BSE Sensex gained 350 points to 63,000 levels, and the Nifty50 settled at 18,726. All sectors closed higher, with metal, realty, oil & gas, power, energy and FMCG indices all increasing by more than 1%. Varun Beverages shares dropped by 2.17% whilst Nestle rose by 3%. Stoxbox recommends investors avoid Torrent Power and Varun Beverages and buy Nestle India.
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