News

Indian market forcast

Nifty Future opened on a positive note and saw some intraday correction in earlier part of the week but mid week Reserve Bank of India's (RBI) surprise announcement of a cut in its main lending rate viz. the repo rate by 25 basis points helped it to attain its highest closing level in more than six weeks getting help from factors like RBIs surprise announcement of a rate cut which led to rally in rate sensitive sectors like realty, auto and bank stocks which helped Maruti, Yes bank, Axis bank scaled fresh new highs and good third quarter numbers declared from Yes bank and TCS.

by By Vivek Gupta, CMT , Director Research, CapitalVia Global Research Limited January 17, 2015