Indian Equities Edge Higher Amid FII Selloff as RBI Policy Decision Looms

Benchmark indices opened with modest gains despite persistent foreign institutional selling, as investors awaited the Reserve Bank of India's policy decision. The Nifty 50 inched up 0.09% to 24,658.05 while the Sensex ROSE 0.07% to 80,423.01 in early trading.

FIIs extended their selling streak to six sessions with ₹2,830 crore in outflows on September 29, though domestic institutions provided counterbalance with ₹3,845 crore in purchases. "Market structure remains fragile," noted Geojit's VK Vijayakumar. "Absent positive catalysts, recovery attempts continue to meet selling pressure."

Steel and infrastructure stocks led advancers, with JSW Steel climbing 1.32% and Power Grid gaining 1.18%. The muted advance comes ahead of a critical central bank meeting that could signal policy direction for emerging markets.