Thursday, March 13, 2014

Bank Nifty up on rate cut hopes

BANK NIFTY(NSE:BANKNIFTY)

12,273.00 +248.90 (2.07%)
Real-time: 1:30PM IST
NSE real-time data - Disclaimer
Range 12,062.35 - 12,308.70
52 week 12,062.35 - 1,341,430.00

Why Traders expecting a RBI rate cut and Why RBI should not go for it?

Bank Nifty trading almost 2 percent up today on expectation of possible rate cut on its next meeting. Watch our post on this regard last day. Only Infosys disappointed with its growth out look fears. The share dropped 8% today. Nifty analysis and bank Nifty analysis will be difficult at this point considering the multiple factors that drive inflation At this point it will be worth analysis whether rise in Bank Nifty sustain here

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