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Traders are advised to maintain a bullish bias going ahead but should remain vigilant of any break of newly established support in global indices.
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The domestic stock market ended with strong gains on Friday after RBI's Monetary Policy Committee decided to maintain its status on interest rates.
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In TMFs, there is a defined maturity date, on which the fund will mature and money will flow back to investors.
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While the 17,600 acted as strong support for the Nifty on the higher side 17,900-17,950 continued to act as a sturdy wall.
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Overall, market breadth was positive as 1,847 stocks advanced on the BSE, while 1,458 declined and 148 remained unchanged
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On Money9's show Get Rich, Sakshi Batra and Rahul Oberoi talked about the factors that will give direction to the stock going ahead.
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"The markets are still in an uptrend, however one needs to be very stock selective as valuations have run up"
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Paytm had also kept a window for a pre-IPO round of $270 million or Rs 2,000 crore, but is unclear whether it would happen before it goes public
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It is a good time for homebuyers who can avail of low home loan rates, along with steady prices.
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CPI inflation is seen at 5.3% for this fiscal. In Q2, it is seen at 5.1%, 4.5% in Q3 and 5.8% in Q4, with risks broadly balanced.