May is traditionally a tough month for the market, but India has so far proven resilient to external negative news flows. With global external factors failing to impact market, RBI policy meet, scheduled on May 3, is the only trigger left for market in the near term. But experts like Anand Tandon, CEO of JRG Securities believe that market is in no mood to change its stance if RBI hike comes within the 25 bps to 50 bps range.
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