In the coming weeks, the market’s focus will be on the implication of RBI policy and Q4 results.
The Index of Industrial Production (IIP) also increased 11.9 percent in August as per the official data.
"The markets are still in an uptrend, however one needs to be very stock selective as valuations have run up"
Repo rate and reverse repo rate have been kept unchanged along with accommodative stance
Inflation in the food basket slowed down to 3.11% in August 2021 from 3.96% in July 2021, according to the data released by the NSO.
Today's data points vindicate the RBI's decision to calibrate the policy normalisation in a gradual fashion, say experts
Sensex tumbled 215.12 points or 0.39% to close at 54,277.72, while the broader NSE Nifty dropped 56.40 points or 0.35% to 16,238.20
The stock market did not react much to the announcements since the major announcements were widely expected and were priced in
MPC revises CPI inflation outlook to 5.7%, retains its GDP growth projection of 9.5% for FY22
Auto stocks will be in focus as auto companies will start announcing monthly sales numbers for July starting from 1 August 2021