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

FIIs sell more than Rs 5,000-cr worth of equities on Thursday

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RBI Guv Shaktikanta Das to announce rate decision at 10 AM today

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Watch out for the Monetary Policy statement of the RBI Governor <a href="https://twitter.com/DasShaktikanta?ref_src=twsrc%5Etfw">@DasShaktikanta</a> at 10:00AM on April 08, 2022 <br>YouTube:  <a href="https://t.co/6Ajec6DzkY">https://t.co/6Ajec6DzkY</a><br><br>Post policy press conference telecast at 12:00 noon on the same day<br>YouTube: <a href="https://t.co/sqofV8n8Iq">https://t.co/sqofV8n8Iq</a><a href="https://twitter.com/hashtag/rbipolicy?src=hash&amp;ref_src=twsrc%5Etfw">#rbipolicy</a> <a href="https://twitter.com/hashtag/rbigovernor?src=hash&amp;ref_src=twsrc%5Etfw">#rbigovernor</a> <a href="https://t.co/AfR2pdaZuu">pic.twitter.com/AfR2pdaZuu</a></p>&mdash; ReserveBankOfIndia (@RBI) <a href="https://twitter.com/RBI/status/1511910307555430402?ref_src=twsrc%5Etfw">April 7, 2022</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

Brent crude holds $100 per barrel-mark ahead of RBI policy

&gt;&gt; Brent has fallen 29% in 1 month<br />
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SGX Nifty hints at muted start ahead of RBI policy outcome

&gt;&gt; At 8:26 AM, SGX Nifty was at 17,767 level, up 29 points<br />
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	<img align="" alt="SGX" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/misc/2020-10/01/full/sgx-1601523849-85122620.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="SGX" width="620" /></div>
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Asian markets fizzle out opening gains, sit in red

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	<img align="left" alt="chart" class="imgCont" height="168" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/08/full/1649386481-309.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="494" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:494px;">
		source: finance.yahoo.com</div>
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European indices end in red amid talks of bans on Russian energy imports

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	<img align="left" alt="chart" class="imgCont" height="317" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/08/full/1649386251-3653.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="582" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:582px;">
		source: Reuters</div>
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US markets break two-day losing streak, end higher Thursday

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	<img align="left" alt="chart" class="imgCont" height="302" src="https://bsmedia.business-standard.com/_media/bs/img/article/2022-04/08/full/1649386018-9515.PNG" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0;" title="chart" width="593" />
	<div style="float: left; clear: both; font-style:italic; padding: 10px 10px 10px 0px; width:593px;">
		source: Reuters</div>
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Good morning readers! Catch all the live market updates here with Business Standard

Good morning readers! Catch all the live market updates here with Business Standard&nbsp;