The Reserve Bank of India (RBI) left repo rates unchanged at 6.5% for the eighth time in a row. The monetary policy was a 4:2 decision, with two members voting in favour of a rate cut by 25 bps taking a dovish view. While the Street was expecting a status quo in the policy rate, … Read more
It turned out to be a rather listless session for domestic equities, with the Nifty 50 ended flat as the Reserve Bank of India’s policy announcements had no major fireworks. The central bank left policy rates unchanged and also retained its stance of focussing on withdrawal of accommodation. The Nifty 50 ended flat at 22513.70 … Read more
Nifty ended with weekly gains of 2.3% with leadership taken by IT stocks. In terms of gains, PSU Banks trumped all other sectors. When markets resume trading on Monday, a host of important domestic and global events lined-up during the holiday-truncated week are likely to impact them. “Benchmark indices snapped a two week losing streak … Read more
