Posted By : Kishore B.S
MARKET OUTLOOK 03-06-2014
Expect the market to open on flat note, ahead of the RBI monetary policy today. The markets are expecting RBI to keep the rates unchanged.
Yesterday the market rallied on expectation that RBI will keep rates unchanged. The FIIS bought nearly 300 cores in equities in return The DIIS sold 150 cores in equities.
If RBI keeps rates unchanged Bank Nifty moving higher is limited, but rates cut can take Bank Nifty higher.