The Indian stock markets began marginally positive on Thursday as the two major stock market indexes gained ground Thursday morning. Market sentiment was uplifted mainly due to communication of the RBI adopting a neutral policy in its meeting on Wednesday. India’s Nifty 50 index started at 25,067.05 after it increased by a mere 0.34%. The BSE Sensex opened similarly, at 81,832.66 points, and increased further by 365.56 points as compared to the previous session. Some market analysts have pointed out that while the indices have started on a positive note, the markets themselves are rather unpredictable.
Indian stock markets rise on RBI signal.
Check Out Ratan Tata, Iconic Leader and Philanthropist, Passes Away at 86; Nation Pays Tribute
Yen’s associates suggest that traders should employ the level-based trading system to survive this period of vagueness. Indian stock market speculators have cheered the RBI’s shift to a neutral monetary policy stance, as analysts suggested. This change suggests that the central bank is now looking at stability as its focus, which, from the viewpoint of many, might be conducive to long-term market development. However, volatility remains a problem, beginning with lower values and again regaining initial growth rates even with external factors, including concerns over oil prices and geopolitical risks.
However, the late released RBI policy neutral report indicates a ‘sleeping’ policy regarding the interest rates, which comes as a relief to investors who fear steep rates. Market players and speculators are enjoined to watch global and domestic factors in the next few days. According to market gurus, it is advisable to be more careful at the moment and pay attention to high levels of support. Since the RBI has taken a neutral stand and presented a balanced scenario, traders and investors will start the Indian stock market on a positive note and will be eager to observe further changes since the international situation is still volatile.
To get more out of our exclusive news, Join us on our WhatsApp Channel, Facebook, X, and Instagram.
