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DEC MONTH BULLISH INDEX: IT, PHARMA, METAL, AUTO, ENERGY DEC MONTH BULLISH STOCKS :JIO FIN, RELIANCE, TATA POWER,

Tuesday, 7 February 2023

Indian stocks are struggling for direction ahead of RBI's rate decision

#Indian shares struggled for direction on Tuesday, amid optimism that the Reserve Bank of India will hold off on a rate hike after Wednesday, and the possibility that the Fed will hike rates longer.The RBI is expected to pause after Wednesday's expected 25 basis point rate hike as it tries to rein in economic growth and inflation.# Wall Street equities extended their decline overnight after data on Friday showed resilient US job markets that fueled concerns that the US Federal Reserve will keep rates high for longer.{There is a shift happening towards risk-off sentiment in global equities after U.S. Jobs data}