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    HomeNewsBusinessMarketsSensex ends 149 pts up ahead of RBI policy; telecom zooms

    Sensex ends 149 pts up ahead of RBI policy; telecom zooms

    Indian equity benchmarks continued their uptrend for the second consecutive session - the Sensex added nearly 149 points ahead of RBI policy meet tomorrow.

    July 25, 2011 / 17:31 IST

    Indian equity benchmarks continued their uptrend for the second consecutive session - the Sensex added nearly 149 points ahead of RBI policy meet tomorrow. It was looking like a consolidation day in the first half of trade but second half looked quite strong. It seemed that the market may have priced in 25 basis points hike in key rates.


    Consensus estimate is that the RBI would prefer 25 basis points hike in key rates but more important would be the statement from RBI. Majority of experts say RBI may end the rate tightening tomorrow.

    Goldman Sachs, in its report, said, "We think the RBI
    first published: Jul 25, 2011 03:58 pm

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