free Nifty Tips - A dovish money policy from the Reserve Bank of India, which maintained status quo on policy rates on the expected lines, failed to lift the spirits on Dalal Street on Tuesday, as the benchmark indices closed flat.
At its fifth bimonthly rate review, the central bank maintained a dovish tone in its commentary on the economy, inflation and scope for further cuts. "The Reserve Bank will use the space for further accommodation, when available, while keeping the economy anchored to the projected disinflation path that should take inflation down to 5 per cent by March 2017,
Done with the RBI policy review, the domestic equity market will now stay glued to any clue and the actual outcome of the December 15-16 rate-setting meeting of the US Federal Reserve.
Done with the RBI policy review, the domestic equity market will now stay glued to any clue and the actual outcome of the December 15-16 rate-setting meeting of the US Federal Reserve.
BSE benchmark Sensex ended 24 points, or 0.09 per cent, higher at 26,169 while the 50-stock barometer Nifty50 closed with gains of 20 points, or 0.25 per cent, at 7,955. Gains in Vedanta and Dr Reddy's Labs helped the BSE benchmark remain in the positive territory.
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