CLOSING BELL: The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations

MARKET LIVE: Sensex off highs, up 350 pts; IT stocks slip, metals rally

<b>CLOSING BELL</b><br />
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	Benchmark indices snapped their three-day losing run and settled 0.8 per cent higher on Friday. Investors heaved a sigh of relief as the Reserve Bank of India decided to keep the interest rates unchanged and maintainee &#39;accommodative&#39; stance despite liquidity unwinding by global central banks. The RBI also announced revised inflation and GDP growth forecasts in-line with market expectations. Yields on 10-year bonds, however, hit multi-year high of 7.075, inching up 2.3 per cent.&nbsp;</div>
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	Againt this backdrop, the S&P BSE Sensex climbed 571 points from the day&#39;s low to end at 59,447, up 412 points against Thursday&#39;s close. The NSE Nifty, too, advanced 145 points to settle at 17,784 in a broad-based rally. Both the indices had hit intra-day highs of 59,654 and 17,843, respectively.&nbsp;</div>
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	The broader BSE MidCap and SmallCap indices rose in tandem with the frontline indices and closed 0.9 per cent higher each.</div>
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	Among individual stocks, <strong>ITC</strong> ended as the top gainer as it advanced 4.7 per cent on the Sensex index. The stock of the cigarettes to fast moving consumer goods (FMCG) major has rallied 24 per cent in the past six week. <a href="https://www.business-standard.com/article/markets/itc-gains-4-to-hit-52-week-high-stocks-surges-24-in-6-weeks-122040800607_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	That apart, Dr Reddy&#39;s Labs, M&M, Tata Steel, Titan, Reliance Industries, Asian Paints, Nestle India, and IndusInd Bank were the other gainers, rising upwards of 1.5 per cent each.<br />
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	On the downside, only Tech M, NTPC, Maruti Suzuki, Sun Pharma, and HCL Tech were the laggards, down up to 1.2 per cent.&nbsp;</div>
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	Sectorally, the Nifty Metal index was the biggest gainer, rising 2 per cent. Meanwhile, the Nifty IT index ended wee bit in the red.</div>
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	<strong>RBI Policy Highlights</strong></div>
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	Reserve Bank of India&#39;s (RBI) six-member monetary policy committee (MPC) on Friday voted unanimously to keep the policy repo rate unchanged at 4 per cent and decided to remain accommodative but focus on withdrawal of accommodation to ensure inflation remains within the target while also supporting growth.</div>
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	With the volatile external environment due to the geo-political situation in eastern Europe posing a downside risk to downside risks to domestic growth and upside risk to inflation projections, the RBI has revised its inflation projection upwards and sharply cut its growth projections for the economy in the current financial year. <a href="https://www.business-standard.com/article/economy-policy/rbi-keeps-rates-steady-raises-inflation-forecast-for-this-fiscal-122040800315_1.html" target="_blank"><strong>READ MORE</strong></a></div>
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	<strong>Global markets</strong></div>
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	World shares gained on Friday as investors assessed the pace of the Federal Reserve&#39;s monetary tightening plans and news from Ukraine. Japan&#39;s Nikkei and South Korea&#39;s Kospi ended 0.4 per cent and 0.17 per cent higher, respectively, while the pan-European Stoxx 600 index jumped 1.1 per cent.</div>
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	On Wall Street, futures linked to main indices wereup 0.2 per cent each.&nbsp;</div>
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Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2%

Business Standard

Sensex snaps 3-day losing run on RBI policy, rises 412pts up; yields up 2% | News on Markets - Business Standard

Closing bell: Sensex closes higher by over 400 points

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Closing bell: Bulls ride Nifty 50 above 17,800 levels

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Equity mutual funds witness record inflows of Rs 28,000 crore in March

Surge in inflows into multicap funds was largely due to the NFO of SBI Multicap fund which garnered Rs 8,170 crore. <a href="https://www.business-standard.com/article/markets/equity-mutual-funds-witness-record-inflows-of-rs-28k-crore-in-march-122040800680_1.html?1649411600" target="_blank"><strong>READ MORE HERE</strong></a><br />
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	<img align="" alt="Stock Market Investment" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-03/20/full/1647789294-6739.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Stock Market Investment" width="620" /></div>
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Chemical stocks abuzz; Thirumalai Chemicals surge over 5%

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Mercedes-Benz India posts 26% rise in sales at 4,022 units in Q1FY22

Mercedes-Benz India on Friday reported a 26 per cent jump in sales at 4,022 units in the first quarter of 2022, riding on robust demand for both its SUVs and sedans despite the challenges of semiconductor shortage, global supply chain disruptions, and rising input and logistics costs. <a href="https://www.business-standard.com/article/pti-stories/mercedes-benz-india-posts-26-pc-rise-in-sales-at-4-022-units-in-q1-122040800539_1.html?1649410654" target="_blank"><strong>READ MORE HERE</strong></a><br />
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	<img align="" alt="The Mercedes-Benz logo is seen near the Daimler headquarters. Photo: Reuters" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-10/23/full/1603432705-2249.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Mercedes-Benz" width="620" /></div>
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Paint stocks gain as Brent crude cools off to $101 a barrel

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Domestic gold spot exchanges face tax hurdle, unlikely to start ops

Domestic gold spot exchanges are facing taxation hurdles and until such issues are sorted out they are unlikely to start operations. <a href="https://www.business-standard.com/article/markets/domestic-gold-spot-exchanges-face-tax-hurdle-unlikely-to-start-ops-122040800563_1.html" target="_blank"><strong>Read more</strong><br />
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<img alt="Photo: Bloomberg" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-12/06/full/1638778503-3483.jpg?im=Resize,width=640" /></a>0

European markets gain ground as investors digest hawkish Fed

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	<img align="left" alt="chart" class="imgCont" height="140" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/08/full/1649409789-5627.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="495" />
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		source: finance.yahoo.com</div>
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BREAKING: New EU sanctions include banning Russian coal imports and entry of vessels

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		NEW EU SANCTIONS INCLUDE A BAN ON RUSSIAN COAL IMPORTS AS WELL AS A BAN ON RUSSIAN VESSELS ENTERING EU PORTS.</p>
	&mdash; RedboxGlobal India (@REDBOXINDIA) <a href="https://twitter.com/REDBOXINDIA/status/1512355733265805314?ref_src=twsrc%5Etfw">April 8, 2022</a></blockquote>
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ITC gains 4% to hit 52-week high; stocks surges 24% in 6 weeks

Shares of ITC hit a fresh 52-week high of Rs 265.90, up 4 per cent on the BSE in Friday&#39;s intra-day trade, on expectation of healthy earnings. They surpassed their previous high of Rs 265.30, touched on October 18, 2021. <a href="https://www.business-standard.com/article/markets/itc-gains-4-to-hit-52-week-high-stocks-surges-24-in-6-weeks-122040800607_1.html?1649408173" target="_blank"><strong>Read here</strong><br />
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<img alt="ITC" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-02/25/full/1582575516-656.jpg?im=Resize,width=640" /></a>

NEWS ALERT :: Food prices rise at record pace

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">BREAKING: UN agency says food prices rose by 13% last month, the fastest pace ever recorded.</p>&mdash; The Spectator Index (@spectatorindex) <a href="https://twitter.com/spectatorindex/status/1512354153829642242?ref_src=twsrc%5Etfw">April 8, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Vodafone Idea up 4%; gets bank guarantee worth Rs 15,000 from DoT

ALERT: Bank of Russia cuts key rate by 300 bps points

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		⚠️BREAKING:<br />
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		*BANK OF RUSSIA CUTS KEY RATE BY 300BPS TO 17%<br />
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Oil prices: Brent Crude firm at $101 a barrel; WTI near $97

Three Adani group firms get $2 bn investment from Abu Dhabi's IHC

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	AGEL, ATL and AEL are market leaders in their sectors and form the Adani Group&#39;s green energy portfolio. The Capital will be used for expanding business. <a href="https://www.business-standard.com/article/companies/three-adani-group-firms-get-2-bn-investment-from-abu-dhabi-s-ihc-122040800513_1.html?1649406600" target="_blank"><strong>READ MORE</strong></a></div>
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		<img align="" alt="Gautam Adani" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-06/10/full/1623317637-1123.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Gautam Adani" width="620" /></div>
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