While increasing the repo rate by 50 bps to 5.9%, RBI Governor Shaktikanta Das said the MPC has decided to remain focused on the withdrawal of accommodation to ensure that inflation remains within the target going forward, while supporting growth.
Tech View: Nifty indicators give positive signals, likely to face resistance at 24,694. How to trade tomorrow
Nifty formed a bullish candle today, closing at a 5-session high after establishing a triple bottom in the 24,073-24,140 range. Indicators signal a bullish short-term