The 3.8-4.1 percent run-up in benchmark indices beat broader markets‘ performance majorly. For the week, CNX small-cap and mid-cap indices rose 0.5-1.3 percent higher.
Prime Minister Manmohan Singh addressed some critical issues relating to the slowdown in India's economy in his address during the Plenary Session of the seventh Summit of the G20 developed and developing countries.
Nischal Maheshwari of Edelweiss Securities tells CNBC-TV18 that the market will be propped up by positive global cues, therefore limiting the impact of the RBI credit policy.
Leif Eskesen of HSBC Global Research tells CNBC-TV18 that there isn‘t a strong case for a cut in cash reserve ratio from the Reserve Bank today.
After Greece elections boosted markets worldwide, CNBC-TV18's managing editor Udayan Mukherjee says it is now the RBI's turn to carry on the good news.
As we head into a new week, senitment today is going to be dominated by last night's positive vote in Greece and the RBI's credit policy meet today.
It is a crucial weekend, when Greece goes to polls for a make or break vote. The week ahead has more important events for financial markets. But, for the moment, the market is worried more about events at home. The credit policy is on Monday.
It seems nothing matters more to the market right now, than the outcome of the elections in Greece over the week-end.
Experts believe all the action on the politics and policy front will take center stage for equities next week.
The rupee rose on Friday helped by positive global cues, though trading could be range-bound as traders await the outcome of Greece elections over the weekend and the Reserve Bank of India policy decision on Monday.
Portfolio manager PN Vijay of www.askpnvijay.com says yesterday's fourth quarter GDP number at 5.3% was a rude awakening, something which market participants weren‘t expecting.
Greece moved closer to a second snap election on Wednesday when the head of the biggest party launched a new attack on radical leftist Alexis Tsipras.
Experts say global market sentiment doused water on Indian equities, causing the Nifty to close below 5000 today.