RBI has not changed repo-rate in its bi-monthly policy review. Markets were expecting 25 basis points rate cut but now the expectations have been delayed by two months.
RBI has maintained the same repo-rate in its latest policy meeting. The street was expecting 25 - 50 basis points cut in repo-rate.
Indian markets are hovering around their all-time highs but due to absence of major trigger, the markets are trading sideways. During the past few days, we have witnessed stock specific action.
Indian Stocks have witnessed a strong move during the last two weeks. While mid-cap and small-cap stocks are still trading low, blue-chip companies have led the current rally.
Karvy Stock Broking has been barred by SEBI from signing up new clients and the exchanges have been ordered to not honor the transactions sent by Karvy Stock Broking.
The market is at an all-time high but both macros and micros are not supporting the current bull run where the current momentum in the index is majorly driven by global liquidity as global interest
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