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Market Ahead Podcast, April 30: Top factors that could guide markets today


Unfavourable global market cues, unabated rise in Covid cases and hiccups in vaccination drive are among factors that are likely to drive Indian markets lower on Friday after four straight sessions of gains this week. Furthermore, stock-specific action is expected to influence market trajectory on an earnings heavy day.
At 7.20 am, SGX Nifty was ruling 141 points lower at 14,790, indicating a gap-down start to the May F&O series.
India for the ninth day in a row recorded fresh Covid infections over 3 lakh with the caseload inching closer to the 4 lakh mark as India reported 3,86,693 fresh cases in the last 24 hours. Amid this backdrop, the pace of vaccination assumes importance, however, several states are flagging shortages of the same. ....

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GSAP 1.0 centrepiece of RBI money policy: Economists, analysts break it down


GSAP 1.0 centrepiece of RBI money policy: Economists, analysts break it down
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Last Updated: Apr 07, 2021, 01:17 PM IST
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Synopsis
The benchmark 10-year bond yield rose to 6.19% post-policy, before falling back to 6.06% after the central bank announced a secondary market government securities (G-sec) acquisition programme.
Agencies
The RBI s Monetary Policy Committee on Wednesday announced the outcome of its first policy review of FY22.
The Reserve Bank of India (RBI) stuck to its accommodative monetary policy stance amid concerns that rising infections could derail the country’s nascent economic recovery. The benchmark 10-year bond yield rose to 6.19% post-policy, before falling back to 6.06% after the central bank announced a secondary market government securities (G-sec) acquisition programme. ....

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