The RBI’s rate cut lifted the markets for a second straight session, with financials, auto and real estate stocks leading the gains. The trend remains positive, with the index sustaining above the 21 EMA. Decoding the current setup, Rupak De, Senior Technical Analyst at LKP Securities, said the index has given a breakout from its…
The markets largely traded in a range-bound manner over the past week, with the Nifty ending the week on a flat to mildly negative note. Despite a key interest rate cut of 25 bps by the RBI in its monetary policy, the index remained muted on a weekly basis and showed no major directional bias….
Indian benchmark indices ended with strong gains, aided by the RBI’s 50 bps repo rate cut. This marked the third successive positive close for the headline indices. The gains were led by banking, auto, and realty stocks. The Nifty closed above the 25,000 mark after several sessions, reflecting a surge in optimism among market participants.Commenting…