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RBI policy key for stock markets this week: analysts

This article was posted on Mar 18, 2013 and is filed under Market News

Looking at the upcoming monetary policy, a 25 bps may not surprise he market, while a 50 bps may infuse a new lease into bulls

Stock markets are likely to see range-bound trading this week in view of RBI’s monetary policy review on Tuesday, with analysts widely expecting the central bank to cut interest rates by 0.25%.

“It was quite a volatile week for the Indian markets that saw Sensex dropping most in two weeks before rising again on back of rate cut hopes. RBI’s policy review is likely to decide directions for the markets this week and expect range-bound movement ahead of the policy,” said Aditya Trading Solutions (ATS) Founder Vikas Jain.

A 25 basis points cut may not surprise the market, while a 50 bps may infuse a new lease of life into bulls, he added.

Experts said the policy review will set the trend for the markets this week.

In the case of manufactured goods, inflation moderated to 4.51% in February, compared to 5.82% in the same month previous fiscal making case for easing of the monetary policy by RBI in its mid-quarter review on March 19.

Source: Business Standard

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