Daily Report - April 5th, 2024

1. Motivational Quote: "Success is not the key to happiness. Happiness is the key to
success. If you love what you are doing, you will be successful." - Albert Schweitzer

2. Daily Financial Market Update:

 Nifty Open Price: Today Nifty opened at level of 22,470.25 and is continuing downward
movement.

 Sensex Open Price: Today Sensex opened at level of 74,096.84 and is also continuing the
downward movement.

 Gold Open Price: Today 24 Carat gold is trading at 70037.0 for 10 grams.

Business News
Shaktikanta Das to announce repo rate decision shortly; inflation, GDP data eyed:

The Reserve Bank of India (RBI) Governor Shaktikanta Das is set to announce the first monetary

policy of the financial year 2024-25 today, April 5, in the RBI MPC meeting. The two-day review

meeting of the RBI's Monetary Policy Committee (MPC) began on April 3 and concludes today, April

5. Market expectations suggest that the RBI will maintain the key policy repo rate at 6.5% for the

seventh consecutive time. The six-member MPC under Governor Das will assess the impact of global

challenges on factors like India's GDP growth and inflation trends. Analysts and investors will closely

monitor Governor Das's remarks for any indications regarding future interest rate adjustments.