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The central bank remains optimistic on growth, pegging GDP growth for FY25 at 7 percent, which is higher than consensus expectations, Ajit Banerjee said.

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Indian Hotels has been in a strong uptrend, reporting higher highs, higher lows formation since October last year. The stock formed strong bullish candlestick pattern on the daily charts with above average volumes.

A drop below 21,700 might trigger panic in the Nifty 50. Conversely, a decisive move above 22,125 could spark a smart rally in the market.

The market has already discounted future stability in policies to some extent, which leaves little room for the index to rise further, says Lochab

After the MPC outcome, the benchmark indices saw a rush to book profits, that drove the BSE Sensex down 493 points to 71,659, and the Nifty 50 down 137 points to 21,793, forming a bearish candlestick pattern on the daily charts

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The hourly chart reveals ongoing strength in both MACD (moving average convergence divergence) and RSI (relative strength index) indicators, hinting at sustained positive momentum.

The view will remain bullish till Nifty 50 trades above 20-DMA around 21,650. Above 22,125, we can expect fresh bullish momentum towards 22,300/22,500 levels.

Ipca Laboratories saw a breakout of downward sloping resistance trendline adjoining highs of December 5 last year and January 12 this year. The stock formed strong bullish candlestick pattern on the daily charts with healthy volumes.