Friday, April 8, 2022

MARKETS VOLATILE AS RBI MAINTAINS 'ACCOMMODATIVE' STANCE

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Today stocks have shown negative momentum for the third straight session on Thursday. Today we see a market starting its day more wary of the RBI's crucial monetary policy. Traders can watch the market movement and then buy and sell in each script. We can expect movement in energy and telecom stocks; insurance stocks will also be in focus as IRDA wants to remove the minimum capital requirement for insurance companies to be competitive in the industry. The expectation is that the central bank will leave interest rates unchanged.
Indian defense stocks gain as government expands local sourcing. Bharat Dynamics was up 3.9%, Bharat Electronics was up 1.2%, Mishra Dhatu was up 4.2%, Garden Reach was up 0.4%, Hindustan Aeronautics was up 2%, Cochin Shipyard was up 1%, which provides the services only from can obtain from the domestic industry. The list includes naval helicopters, light tanks, small unmanned aerial vehicles, and anti-ship missiles, among others.

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