INSUBCONTINENT EXCLUSIVE:
Gains across most sectors led by banking and financial services shares pushed the markets higherDomestic stock markets started Friday's
session with sharp gains following four days of fall, ahead of the release of the fourth bi-monthly policy statement of the year by the
Reserve Bank of India (RBI)
The S-P BSE Sensex index rose as much as 296.67 points to touch 38,403.54 in the first few minutes of trade, and the broader NSE Nifty index
climbed to as high as 11,400.30, up 86.3 points from the previous close
Gains across most sectors led by banking and financial services shares pushed the markets higher
Analysts awaited the fifth bi-monthly policy statement of the RBI due around noon.Sensex Up Over 200 Points, Nifty Firm Above 11,350At 9:33
am, the Sensex traded 222.48 points - or 0.58 per cent - higher at 38,329.35 while the Nifty was up 55.80 points - or 0.49 per cent - at
Top gainers on the 50-scrip benchmark index at the time were Yes Bank, IndusInd Bank, HDFC, SBI and Wipro, trading between 1.18 per cent and
By 25 Basis Points Most Probably: CARE Ratings"After all the measures taken by the government to revive the economy it may be expected that
the RBI will reduce rates by 25 bps most probably," Madan Sabnavis, chief economist, CARE Ratings, told TheIndianSubcontinent in an email
"There is scope for further easing may be up to repo rate of 5 per cent by the end of the year if the economy is sluggish and inflation
to 38,366.69 in the pre-opening session
At 9:04 am, the Sensex was up 265.06 points - or 0.70 per cent - at 38,371.93 while the broader NSE Nifty benchmark was at 11,401.95, up
release the fourth policy statement of the current financial year at 11:45 am, followed by a press conference and media interaction with the
top brass of the central bank between 12:00 pm and 12:45 pm
Many economists expect the six-member Monetary Policy Committee, chaired by the central bank Governor Shaktikanta Das, to deliver its fifth
mood was cautious before a key US job report that could help determine whether the Federal Reserve cuts interest rates further
MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 per cent
of weak US data this week, including surveys on services and manufacturing sectors, deepening fears the China-US trade war is starting to
hurt growth in the world's biggest economy.SGX Nifty Futures Indicate Higher Opening For Domestic MarketsDomestic stock markets are likely
to start Friday's session on a positive note, as analysts await the outcome of a three-day bi-monthly policy review by the Reserve Bank of
