Activity in the F&O market for the weekly expiry on April 13 shows a wide range of trading. 

BSE Smallcap index relatively outperformed the broader markets, registering gains of 0.99 per cent, closing at 29,765.79.

On Friday, the markets broke the losing streak and ended higher after RBI's Monetary Policy Committee kept the key rates unchanged. 

The biggest highlight of today’s RBI policy was that it kept the interest rate unchanged. For the 11th time in a row now since May 2020, the RBI has kept the repo rate and reverse repo rate constant at 4 per cent and 3.35 per cent, respectively, thus maintaining its accommodative policy stance although it has hinted at the withdrawal of this policy soon. 

Today, the major gaining sectors were energy, FMCG, metal, oil & gas, and power. The shares of Mangalore Chemicals, Deep Industries, Zuari, and Jaiprakash Associates gave exception returns in today’s session. NSE's India VIX, a gauge of market volatility, went down by 6.90 per cent to 17.69 levels.

Bharat Dynamics, Ruchi Soya and Ceat witnessed positive action in today’s session.  

Indices have closed higher, thanks to positive RBI MPC outcome. Nifty has surged 0.82 per cent to close at 17,784.35 while Sensex gained about 850 points.

Keep a watch on these stocks and their volumes for potential breakout and consider hopping in for decent profits! 

The equity markets are still under cautious view due to the uncertainty of the Russia-Ukraine crisis along with the oil prices on the boil. Although the economy has shown positive momentum based on earnings growth, deleveraging, and rising Capex announcement along with a robust government budget, the volatility is still likely to persist due to the hawkish US Federal Reserve as well as the recent crisis between Russia and Ukraine. 

Adani Enterprises, Adani Green Energy and Adani Transmission are today’s mid-day movers.