Wall Street ended down by 0.61% to 1.68% on profit booking and ALPHABET plunges by 7.7% after AI chatbot Brat delivered incorrect answers.
RBI increase repo rate by 25-bps, highest in last 5-years. RBI still concern over sticky core inflation, further calibrated monitory policy action warranted to keep inflation expectation anchored.
MSCI to review weightage of ADANI group stocks as free float to be recalculated.
VIX @ 13.60: indicate possibility of short covering.
Approach on Indices: Indices likely to trade in narrow range and volatility could reduce further however, due to weekly options expiry market could see some expiry related volatility.
SGX Nifty @ 17902 up 12 points at 8:05 AM
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