The Reserve Bank of India was likely to maintain its repo rate at 6.50% due to high food prices. An ET poll concurred this steadying move. However, easing core inflation and a global shift toward lower borrowing costs might prompt the RBI to adopt a neutral stance next quarter, aligning with India’s busy economic season.
Death Crossovers: These 5 stocks signal bearishness on March 17
In the Nifty500 pack, five stocks are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness.