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.

In the US markets, Dow Jones and NASDAQ traded higher by 0.06 per cent & 0.43 per cent, respectively. On BSE, the shares of Deep Industries zoomed 12 per cent to Rs 260.90 in today’s trading session. RBI Governor Shaktikanta Das said that India’s digital currency can replace cash transactions to some extent in India. The buyers outnumbered sellers to show positivity in the market. On BSE, 2,206 shares rose while 917 shares fell. The FII sold shares worth Rs 5,009.62 crore and the DII bought shares worth Rs 1,774.70 crore on April 07.

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. 

Asian markets were trading slightly higher on Friday. BSE Telecom, metal, and energy are bullish in the morning session. Selling was seen by foreign portfolio investors (FPIs) worth Rs 5,009.62 crore while in domestic institutional investors (DIIs), buying was seen at Rs 1,774.70 crore in the Indian markets on April 07. Crude oil is trading at $95.64 per barrel. The rupee has depreciated this morning and is trading at 75.98 against the dollar.   

IDFC Asset Management Company is being acquired by a group led by Bandhan Financial. Should investors be concerned? Continue reading to find out.