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Although the RBI policy meeting unfolded as anticipated, concerns over food inflation and warnings of a heat wave tampered sentiment. While the main domestic indices concluded with marginal movement, the Bank Nifty edged higher, propelled by robust credit growth in Q4FY24. The global sentiment was dampened by the rise in oil prices and tensions in the Middle East. Investors remain attentive to upcoming US non-farm payroll and unemployment data, seeking clarity on the Federal Reserve's future rate path.
Although the RBI policy meeting unfolded as anticipated, concerns over food inflation and warnings of a heat wave tampered sentiment. While the main domestic indices concluded with marginal movement, the Bank Nifty edged higher, propelled by robust credit growth in Q4FY24. The global sentiment was dampened by the rise in oil prices and tensions in the Middle East. Investors remain attentive to upcoming US non-farm payroll and unemployment data, seeking clarity on the Federal Reserve's future rate path.
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"The index has remained sideways throughout the session, reflecting a pause in the market trend following the formation of a hanging man pattern. The sentiment may continue to remain sideways due to the lack of a directional breakout or pattern formation. At the higher end, 22650 might prove to be a crucial resistance level. A fresh rally is not anticipated as long as the index remains below 22650. On the lower end, support is evident at 22300; if breached, the index might decline towards the 22000-21900 range."
"The index has remained sideways throughout the session, reflecting a pause in the market trend following the formation of a hanging man pattern. The sentiment may continue to remain sideways due to the lack of a directional breakout or pattern formation. At the higher end, 22650 might prove to be a crucial resistance level. A fresh rally is not anticipated as long as the index remains below 22650. On the lower end, support is evident at 22300; if breached, the index might decline towards the 22000-21900 range."
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Sensex Today | Stock Market LIVE Updates: Drug firm Sanofi on Friday said it has obtained approval for IMOVAX-Polio, an alternative injectable vaccine, to replace the Inactivated Polio Vaccine (IPV) ShanIP in India. IMOVAX-Polio is an alternative IPV vaccine that has been used in more than 100 countries for over 40 years, a Sanofi India spokesperson told PTI.
Sensex Today | Stock Market LIVE Updates: Drug firm Sanofi on Friday said it has obtained approval for IMOVAX-Polio, an alternative injectable vaccine, to replace the Inactivated Polio Vaccine (IPV) ShanIP in India. IMOVAX-Polio is an alternative IPV vaccine that has been used in more than 100 countries for over 40 years, a Sanofi India spokesperson told PTI.
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Sensex Today | Stock Market LIVE Updates: Mphasis signs agreement with AWS to launch Gen AI foundry for financial services
Sensex Today | Stock Market LIVE Updates: Mphasis signs agreement with AWS to launch Gen AI foundry for financial services
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Sensex Today | Stock Market LIVE Updates: Fortis Healthcare's unit receives court order wherein tax demand of Rs 124 crore was quashed
Sensex Today | Stock Market LIVE Updates: Fortis Healthcare's unit receives court order wherein tax demand of Rs 124 crore was quashed
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Stock Market LIVE Updates: Teerth Gopicon Rs 44.4 cr IPO to open on April 8; fixes price at Rs 111/share
Stock Market LIVE Updates: Teerth Gopicon Rs 44.4 cr IPO to open on April 8; fixes price at Rs 111/share
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It is expected that low interest rates scenario will start from this year ultimately positive for stock market.
It is expected that low interest rates scenario will start from this year ultimately positive for stock market.
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Sensex Today | Stock Market LIVE Updates: Consolidated revenue grew in low single digits, moving back into positive territory after 3 quarters, due to incremental anniversarizaton of pricing cuts in key domestic portfolios. We expect consolidated revenue growth to trend upwards, with domestic revenue growth outpacing volume growth in the quarters ahead.
Sensex Today | Stock Market LIVE Updates: Consolidated revenue grew in low single digits, moving back into positive territory after 3 quarters, due to incremental anniversarizaton of pricing cuts in key domestic portfolios. We expect consolidated revenue growth to trend upwards, with domestic revenue growth outpacing volume growth in the quarters ahead.
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Space for rate cut likely has opened up though RBI seems in no hurry to cut rates presently but use its pole position to align inflation structurally to its long term target of 4%. As such, markets may find confidence in projecting rate cuts in later part of the year and interest rates may remain stable with a downward bias.
Space for rate cut likely has opened up though RBI seems in no hurry to cut rates presently but use its pole position to align inflation structurally to its long term target of 4%. As such, markets may find confidence in projecting rate cuts in later part of the year and interest rates may remain stable with a downward bias.
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Sensex Today | Stock Market LIVE Updates: Bank Of Maharashtra says gross advances as of March end up 16.31% YoY
Sensex Today | Stock Market LIVE Updates: Bank Of Maharashtra says gross advances as of March end up 16.31% YoY
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Sensex Today | Stock Market LIVE Updates: Globus Spirits to forge joint venture partnership with Ansa Mcal
Sensex Today | Stock Market LIVE Updates: Globus Spirits to forge joint venture partnership with Ansa Mcal
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Sensex Today | Stock Market LIVE Updates: RBI approves appointment of Anil Kumar Sharma as Part-time Chairman of the Equitas SFB
Sensex Today | Stock Market LIVE Updates: RBI approves appointment of Anil Kumar Sharma as Part-time Chairman of the Equitas SFB
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Sensex Today | Stock Market LIVE Updates: Vijay Kedia-backed Tac Infosec debuts at 174% premium over issue price
Sensex Today | Stock Market LIVE Updates: Vijay Kedia-backed Tac Infosec debuts at 174% premium over issue price
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