Indian markets rose nearly 1 per cent following the announcements made by Reserve Bank of India (RBI) Governor Shaktikanta Das in the February Monetary Policy. The six-member Monetary Policy Committee (MPC) on Thursday left repo and reverse repo rate unchanged. 

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After opening almost flat today, the benchmark indices picked up momentum after the announcements began. The BSE Sensex rose 460 points to end at 58,926 and Nifty50 rose 142 points to settle at 17,606. Meanwhile, Nifty Bank gained 401 points to 39,011-level and Nifty midcap index grew by 86 points to 30,343-level.  As many as 37 stocks gained and 13 stocks declined on Nifty50. ONGC, Tata Steel, Infosys, SBI Life, HDFC Bank, Grasim, M&M are the top gainers today. 

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Barring the Nifty Auto Index, all other sectoral indices closed in the green. Nifty Bank, Financials, IT, Metal and Realty each gained over 1 per cent each.  

Aurobindo Pharma was among the top midcap gainers following management commentary; JSPL, GNFC, FirstSource, Vodafone Idea, LIC Housing and Laurus Lab are top midcap gainers. Housing Finance Companies move higher as the Reserve Bank of India keeps rates unchanged. 

Adani Wilmar gained for third straight day, closed at upper circuit and Solara active closes at lower circuit after a weak set of earnings for third quarter of the financial year 2021-22. 

We have collated views from different experts as to what investors should do when trading resumes: 

Expert: Vijay Dhanotiya, Category Lead- HNI Products at CapitalVia Global Research Limited. 

The market witnessed some strong trends and an attempt to hold the support level around the Nifty 50 Index level of 17600. While sustaining above 17400 is the key factor from a short-term perspective, market research suggests maintaining above this level is important for the market to gain momentum and extend the rally until 18000.  

Expert: S Ranganathan, Head of Research at LKP securities.  

"After a quiet start ahead of US inflation data and state elections back home, Indices recovered smartly post the accommodative stance of the RBI which held rates status quo. As the volatility index cooled off, Metals led the rally well supported by Real Estate & Mortgage companies in the broader market. Buoyed by a lower inflation forecast going forward, the rally percolated to IT & Financials in afternoon trade" 

Expert: Vinod Nair, Head of Research at Geojit Financial Services 

"The domestic market maintained its upward momentum aided by strong global cues and positive RBI policy. Though the market expected RBI to moderate its policy tone, the central bank surprised with a super dovish statement by maintaining its accommodative stance, modest inflation forecast and GDP growth of 7.8 per cent in FY23. Global market rallied ahead of the release of the US inflation data backed by healthy earnings results" 

Expert: Narendra Solanki, Head- Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers 

Indian markets opened on a mixed note following Asian market peers as investors await US inflation data and RBI policy announcement. During the afternoon session markets further added to gains post RBI policy announcement and continue to trade firm on account of buying in frontline counters.  

The sentiments on the street were on optimistic mood after the RBI's Monetary Policy Committee decided to keep the key interest rates on hold. 

Expert: Rupak De, Senior Technical Analyst at LKP Securities 

On the daily chart a small bodied green candle with a significant lower wick is visible. On the higher end Nifty recovered about 80 per cent of the previous fall and paused before any further movement. Going forward, the index may remain sideways to negative as long as the index sustains below 17635. On the lower end support is visible at 17330.