The S&P BSE Sensex and Nifty50 closed flat but with a positive bias. Sectorally, buying was seen in telecom, realty, metal, and IT stocks while selling in banks, utilities, oil & gas, and power
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise