On this episode of Market Closing, bulls return to Dalal Street as the Nifty ends an eight-day losing streak, buoyed by a dovish RBI monetary policy. The Reserve Bank of India announced sweeping reforms to simplify foreign investment for NRIs, expand the rupee’s use in global trade, and raise IPO financing limits. The show also covers the Cabinet’s approval of a 3% Dearness Allowance hike for central government employees and an increase in MSP for Rabi crops. Other major news includes robust September auto sales driven by GST cuts and festive demand, and record GST collections hitting 1.89 lakh crore rupees. The potential $2 billion sale of the RCB IPL franchise is also in focus. The broadcast features a caution against day trading from the NSE CEO, who stated, "the day trading is clearly not productive."
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