Rate sensitive stocks in focus ahead of RBI policy review today: Mehta Equities
Source: IRIS | 02 Jun, 2015, 09.05AM
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Rating: NAN / 5 stars. |
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Indian markets are expected to open flat with positive bias following to constructive sentiment seen in global markets as well as expectation in domestic market that RBI may reduce the benchmark rate by 25 bps today, opined Mehta Equities.
'Rate sensitive stocks will be in focus ahead of RBI policy review like Banks & Real estate sectors. Tracking the momentum, the index may hold its crucial psychological level of 8,400 in trade today. Nifty may see resistance at 8,480/8,500 and support seen at 8,380,' the broking firm added. Disclaimer: IRIS has taken due care and caution in compilation of data for its web site. Information has been obtained by IRIS from sources which it considers reliable. However, IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website.
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