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Weekly outlook: As markets await RBI Policy and FPI data, these stocks are top picks

Last week, markets were flattish, with selloffs in banking, consumer durables, metals, IT, and auto stocks. At the end of the week, there was a selling bias in midcap and smallcap stocks as well. Investors were cautious ahead of the RBI’s upcoming monetary policy, selling pressure from foreign institutional investors, slow growth in GDP numbers, and global cues. Markets are gearing up for another volatile week, with the RBI’s policy taking center stage due to the worsening state of inflation. Experts predict that RBI will raise rates by 25 to 50 basis points, following the US Fed’s lead. Banks’ reactions to their lending and deposits in the wake of the RBI’s policy repo rate change will also be closely monitored.

Weekly outlook
Weekly outlook

Experts predict that RBI will raise rates by 25 to 50 basis points, following the US Fed’s lead. Banks’ reactions to their lending and deposits in the wake of the RBI’s policy repo rate change will also be closely monitored.

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