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The governor did mention about private demand showing signs of slowing down. We had reached a point where there was no further scope to increase the EMIs.

LTIMindtree shares fall 1.3% as Nifty gains

Updated at : 2023-04-06 13:40:03

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A total of 7,216 shares changed hands on the counter till time (IST).

If it sustains above the level of Rs 1750 on a closing basis, then we can expect further upside movement. On the downside, the level of Rs 1550 can act as a major support. One can go for buy on dip strategy in this.

While the initial dust seems to have settled down from the potential fallout of an international bank. Regulators have acted swiftly to prevent contagion impact. That is the key to learning from Global Financial Crisis.

Shares of Vedanta to trade ex-dividend today

Updated at : 2023-04-06 11:50:03

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The company recorded its highest-ever quarterly mined metal production at 301 kt since UG transition in the fourth quarter, driven by higher ore production and improved mined metal grades.

We are happy to state that the performance of our flagship WealthBasket - Alpha Bluechip remained resilient for another year. Over the last 1 year, Alpha Bluechip has delivered a return of 6.4% vs Nifty 200 benchmark returns of -2.2%.

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The stock has closed above the 50 and 200EMA.

The first meeting of the Monetary Policy Committee in the new fiscal year is expected to be a tough call as inflation, growth and financial stability have to be balanced. The broad market view seems to be in favor of a 25 bps hike in interest rates as inflation is still very high in India. However, two of the three external members of the committee are in favour of a pause.

Basically in March 2021, the regulator came out with a BCP plan circular, making sure that business continuity should be managed during different events, for example, if there is a terrorist attack or earthquake.

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"The recent rally which has taken the Nifty around 600 points from the March lows has been driven by reasonable valuations and short covering. FIIs turning buyers (Rs 4261 crores during the last 4 trading sessions) also has been supportive. Global support for the rally will depend on the payrolls data from the US tomorrow. Already ISM services data has come below expectations. So it is possible that tomorrow’s payrolls data may indicate a slowing economy and this can prove to be positive from the market perspective," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

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