Markets likely to get slightly negative start on Tuesday
India, Dec. 3 -- Indian markets ended almost flat after a volatile session on Monday amid weak economic numbers, lower than expected auto sales and profit booking. Today, the start of session is likely to be flat-to-negative tracking weakness in global markets. Investors will be eyeing the Reserve Bank of India's (RBI) fifth monetary policy meet of the financial year 2019-20 (FY20) that begins today, while the decision will be out on December 5. There are expectation that RBI may cut repo rate by another 25 bps (basis points) to spur economic growth after official data showed India's gross domestic product (GDP) collapsed to 4.5% in the July-September quarter, the first time it's been below 5% since 2013. There will be some cautiousness wit...
To read the full article or to get the complete feed from this publication, please Contact Us