The market reacted sharply to the booster received from RBI of a CRR cut of 50 bps that will ease the tight liquidity situation by infusing Rs 32,000 crore into the system. The Nifty jumped over the 5100 mark, a gain of 2% immediately, and the Sensex too shot up. Amisha Vora of Prabhudas Lilladher spoke to CNBC-TV18 of her expectations of the market going ahead.
Below is the edited transcript of the interview. Also watch the accompanying video. Q: Technically at least the verdict that we got is that the markets are very much in their uptrend. How would you read the policy reaction and do you foresee more upside after the 2% that we have already seen?A: The policy action, to some extent though, was expected that RBI will not be in a hurry to touch upon the repo rate, I think CRR action also market has really welcomed. Also, at a time when rupee has started appreciating or stopped its southward journey, one gets little confidence that going forward the manufacturing inflation which didn
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