Share markets in India are presently trading on a strong note.

The BSE Sensex is trading up by 318 points, up 0.5%, at 59,996 levels.

Meanwhile, the NSE Nifty is trading up by 92 points.

Wipro and TCS are among the top gainers today. Coal India and NTPC are among the top losers today.

The BSE Mid Cap index is trading up by 0.1%.

The BSE Small Cap index is trading up by 0.5%.

On the sectoral front, stocks from the software sector are witnessing most of the buying interest.

On the other hand, stocks from the real estate sector are witnessing most of the selling pressure.

US stock futures are trading mixed today.

Nasdaq Futures are trading down by 2 points (flat) while Dow Futures are trading up by 37 points (up 0.1%).

The rupee is trading at 75.04 against the US$.

Gold prices are trading up by 0.3% at Rs 46,948 per 10 grams.

Gold prices were mixed in global markets today amid choppy global cues. On MCX, gold futures were 0.2% higher at Rs 46,900 per 10 grams. In the previous session, gold had dipped 0.1%.

In global markets, gold rates were flat today as investors refrained from making big bets ahead of the US jobs report due later today. Spot gold was steady at US$ 1,755.8 per ounce. For the week, it is down 0.3%.

Moving on to stock-specific news...

Among the buzzing stocks, today is JSW Energy.

Shares of JSW Energy were in focus today after the company said it has signed a contract with GE Renewable Energy, a leading provider of wind solutions.

The contract is for the supply of 810 MW (megawatt) of onshore wind turbines for its under-construction pipeline of 2.5 GW (Gigawatt) of renewable projects.

The turbines will produce enough green energy to meet the annual electricity requirements of more than 2.1 m households in the country.

Prashant Jain, joint managing director and chief executive officer (CEO), JSW Energy said,

• Our company has set a target to reach 20 GW of power generation capacity by 2030, by which the share of green and renewable energy projects will increase to 85% of the total portfolio.
  
  The under-construction project is our first large-scale wind power project.

The supply of the turbines will start by the second quarter of 2022 and will be completed by the first quarter of 2023.

Blades will be provided by LM Wind Power, a GE Renewable Energy business, from its Indian factory in Halol, Gujarat.

JSW Energy is currently implementing about 2 GW of wind farms in India.

We will keep you posted on more updates from this space. Stay tuned.

At the time of writing, JSW Energy shares were trading up by 0.1% on the BSE.

Moving on to news from the macroeconomic space...

RBI Keeps Repo Rate Unchanged, Maintains Accommodative Stance

In its latest meeting, the Reserve Bank of India's Monetary Policy Committee (MPC) has decided to maintain the status quo and keep the repo rate unchanged at 4%. The reverse repo rate will continue to be 3.35%.

Governor Shaktikanta Das said the policy stance continues to be "accommodative". This is the eighth consecutive time the MPC maintained a status quo in rates.

The MPC statement comes amid easing inflation and recovery in economic growth. The decision to keep the repo rate unchanged is in line with what experts had predicted.

However, the MPC revised its projection for CPI inflation for the September 2021 quarter to 5.1% from the previous forecast of 5.9%. The estimate for the December 2021 quarter has been revised to 4.5% from 5.3%.

The central bank also decided to halt the Government Securities Acquisition Programme (G-SAP).

While unveiling the bi-monthly monetary policy review on October 8, RBI Governor Shaktikanta Das said the liquidity overhang and absence of fresh government borrowing suggest that bond purchases are not required at the moment.

Das said G-SAP has been successful and anchoring yield expectations, coupled with other liquidity measures.

How this pans out remains to be seen. Meanwhile, stay tuned for more updates from this space.

Speaking of stocks, here is an illustration of the four phases that stock goes through during its life cycle. The cycle repeats itself after the stock goes through all these stages.

This cycle defines everything in markets. If you can master this cycle, then nothing can stop you from making huge profits.