Epic Update RBI
Equity benchmarks as well as broader markets remained marginally higher in afternoon trade as investors eagerly waited for RBI monetary policy.
The 30-share BSE Sensex was up 80.69 points at 28323.98 and the 50-share NSE Nifty rose 22.15 points to 8760.25. The BSE Midcap and Smallcap indices rose 0.3 percent each on positive breadth.
Majority of experts don’t expect any rate cut in today’s policy meeting despite sharp fall in August retail inflation. According to them, the rate cut is likely in December policy.
“RBI would refrain from cutting rates in its meeting today though the consumer inflation has been trending down for the last few months and is well within RBI’s comfort zone of 4 percent +/-2 percent,” Ajay Bodke of Prabhudas Lilladher.said.
About 1514 shares advanced against 1192 declining shares on the BSE.
Majority of experts don’t expect any rate cut in today’s policy meeting despite sharp fall in August retail inflation. According to them, the rate cut is likely in December policy.
“RBI would refrain from cutting rates in its meeting today though the consumer inflation has been trending down for the last few months and is well within RBI’s comfort zone of 4 percent +/-2 percent,” Ajay Bodke of Prabhudas Lilladher.said.
About 1514 shares advanced against 1192 declining shares on the BSE.
For more information and best EQUITY TIPS Call us ✆ – 0731-6642300 or Visit http://www.epicresearch.co
Connect with our social media sites
Follow @Epic_Research
Connect with our social media sites
Follow @Epic_Research
Sign up here with your email