The S&P BSE Sensex and Nifty50 in India closed flat with a negative bias. Stocks in capital goods, healthcare, metals, and energy sectors experienced selling pressure, while consumer durables, FMCG, power, and utilities saw some buying. Ratnamani Metals rose over 6%, Dr Reddy’s Laboratories fell nearly 7%, and Firstsource Solutions closed near its 52-week high on Thursday. Technically, Amol Athawale, Deputy Vice President of Technical Research at Kotak Securities, suggests that Ratnamani Metals could experience pricing issues below 2325, Dr Reddy’s Laboratories has weak momentum, and FSL could encounter profit booking.
RBI poised for 25 bps rate cut with accommodative stance amid global headwinds: Upasana Chachra
Morgan Stanley’s Upasana Chachra anticipates a likely 25 bps rate cut by the RBI, followed by another in June, contingent on growth trajectory. Escalating global