At  noon on Friday, the core equity indices i.e., Sensex and Nifty 50 were trading higher as RBI kept the policy rates unchanged in the bi-monthly policy meet. The monetary policy stance remains accommodative as the repo rate also remains unchanged at 4 per cent. 

At 11.30 am, on Thursday, the core equity indices i.e., Sensex and Nifty 50, fell for the third consecutive day due to poor global cues. The price of crude oil fell below $100 and is trading at $ 97.54 per barrel. 

The merger of HDFC and HDFC Bank may result in certain sell-offs from mutual funds. Continue reading to learn more.

On Wednesday, the Indian equity markets ended lower on the second consecutive day, as the US markets dipped over the concerns expressed by Fed Governor Lael Brainard as well as Fed President Mary Daly, who hinted at the speedy tightening of inflation by hiking the rates.

At 11.30 am on Wednesday, the core equity indices i.e., Sensex & Nifty 50 fell, owing to poor Q4 result updates from IT and auto companies, which led to higher selling from investors.  

At 11.15 am on Monday, the core equity indices i.e., Sensex as well as Nifty 50 were trading flat owing to mixed global cues, and a rise in crude oil price. Crude oil is trading at $108.7 per barrel and is up by 1.12 per cent.  

There’s a brand-new billionaire on the block, Gautam Adani, of the Adani Group, whose companies have managed to double the investors’ money, even in these crucial times of high inflation and geopolitical tensions. The stocks have shown a phenomenal rally over the past few weeks

On Monday, the equity benchmark indices settled higher for the second consecutive session, lifted by the mega-merger of HDFC and HDFC Bank. A sharp fall in crude oil prices is predicted to have aided market sentiment. In the international markets, Brent crude oil contracted 14 per cent to $103.66 per barrel from around $121 a barrel last week.

Going forward, we believe that stock-specific action would continue in the market. Hence, we have come out with a list of stocks that got featured in the T20 breakout system.   

The broader Indices have closed nearly at the day’s high while Nifty closed above the 18,000-level.