Market to stay volatile if RBI ups rates by 50 bps: Experts

The RBI's policy statement next week created additional pressure dragging banking stocks and indices down, respectively. Experts feel that the central bank will go ahead with the 25 basis points hike in key rates but if the rates are hiked by 50 bps, then the market sentiment will get hugely impacted.

April 30, 2011 / 20:25 IST
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Domestic market ended in red on the last day of the week due to selling pressure. Moreover, the RBI's policy statement, which is to release next week created additional pressure on banking stocks and indices, dragging them down. Experts feel that the central bank will go ahead with the 25 basis points hike in key rates but if the rates are hiked by 50 bps, then the market sentiment will get hugely impacted.

first published: Apr 29, 2011 05:08 pm

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