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The Reserve Bank of India (RBI) has decided to keep the repo rate unchanged at 6.5% for the ninth consecutive time. This decision by the Monetary Policy Committee (MPC) aims to balance inflation control with economic growth. Home and auto loan EMIs are likely to remain stable for now, but economists are watchful of future inflation trends that could prompt a change in stance.

The BSE Sensex and NSE Nifty 50 have reached new all-time highs, driven by strong foreign institutional investor (FII) inflows and positive corporate earnings. The rally is broad-based, with technology, banking, and manufacturing sectors leading the charge. Analysts advise investors to remain cautiously optimistic and focus on quality stocks amidst the market euphoria.

The Indian startup ecosystem has shown resilience with a strong funding quarter, raising over $5 billion in Q2 2024. Fintech continues to be the most funded sector, followed by SaaS and e-commerce. This trend indicates sustained investor confidence in India's growth story and its burgeoning digital economy, despite global macroeconomic headwinds.

In its latest meeting, the GST Council has announced a rationalization of tax slabs for several electronic goods, including smartphones and laptops. The move is expected to make these items more affordable and boost domestic manufacturing. Industry experts have welcomed the decision, stating it will increase consumer demand and support the 'Make in India' initiative.

The Securities and Exchange Board of India (SEBI) has issued new guidelines for algorithmic trading to prevent market manipulation and enhance systemic stability. The new framework includes stricter checks and balances for high-frequency trading and requires brokers to have robust risk management systems. These measures are aimed at protecting retail investors.