To be sure, with inflation levels above the target band for over six months, the Reserve Bank has cumulatively raised the benchmark policy repo rate by 90 basis points ( one bps is 0.01 per cent) since may and is now at 5.4 per cent Though economic activity was sluggish in July compared to June, the recovery in the Indian economy is expected to gain momentum going by the preliminary indicators like investment in capex and pick up in consumption demand.
F&O Talk| Nifty faces reversal signals and weaker breadth, key support at 24,500-24,400: Sudeep Shah of SBI Securities
The 50 component index Nifty 50 as well Sensex closed nearly 1.2% lower today. The former closed 293 points lower at 24,852 while the latter