Indian Market View Market remained range bound on Thursday with Nifty facing resistance at 15900 while volumes remained on lower side on spot markets despite monthly derivatives expiry. Nifty is unable to put up significant gains in the past few days due to breakout in USDINR above 73.86 and we may see sharp reversal in markets if USDINR crosses the 74.35 mark. Bank Nifty is facing...
The Asian markets have started at a higher note on Monday, on the hopes of a US fiscal package before the US presidential elections in November 2020, and expectations of a coronavirus vaccine by the end of this year. Boosting the overall sentiment, drug maker Pfizer Inc said on Friday it could have a coronavirus vaccine ready in the United States by the end of this year. In the global...
1. RBI Governor Shaktikanta Das announced that MPC has kept the policy rates unchanged (Repo rate 4%, Reverse Repo rate 3.35%) and is to maintain an accommodative stance. 2. The Union Cabinet on Wednesday announced a new e-bidding platform to promote market price discovery of natural gas produced from fields across a number of contractual regimes, where producers already have pricing...