Nifty50 roars to victory, RBI stuns, will US CPI follow - 10 April 2023

Nifty50 roars to victory, RBI stuns, will US CPI follow

The Nifty50 index had a good week, closing higher for the second week. It finished with a small green candle on the weekly chart and remained above its 200-DMA. This was thanks to the RBI's unexpected decision to hold off on rate hikes, positive FII inflows, and monthly solid auto sales numbers. This week, market participants will be keeping an eye on CPI inflation data from India and the US, as well as the corporate results of major companies like TCS, Infosys, and HDFC Bank.