This project explores the impact of dissent within India’s Monetary Policy Committee (MPC) on financial markets, focusing on NIFTY 50 intraday returns. Using event windows of 30, 60, and 90 minutes around policy announcements, we assess market behavior during meetings with and without dissent. In contrast to FOMC studies where dissent typically results in negative market returns, our analysis finds that dissent in the MPC correlates with positive average returns. This suggests that, unlike the uncertainty signaled by FOMC dissent, dissent in the MPC may be interpreted by markets as a sign of potential policy shifts, contributing to positive market expectations.