Rate cut hopes, global cues buoy equity markets
Tuesday - August 1, 2017 10:08 am ,
Category : BUSINESS
Rate cut hopes, global cues buoy equity markets
Mumbai Aug 1 (IANS) Expectations of a monetary policy easing coupled with hopes of healthy quarterly results and broadly positive global cues buoyed the key Indian equity indices -- NSE Nifty and BSE Sensex -- during the morning trade session on Tuesday.
According to market observers factors such as hopes of a lending rate cut by the Reserve Bank of India (RBI) in its next policy review meet on Wednesday enhanced investors risk taking appetite.
At 10 a.m. the NSE Nifty inched-up by 10.85 points or 0.11 per cent to 10 087.95 points.
The BSE Sensex stood at 32 537.31 points -- up by 22.37 points or 0.07 per cent.
--IANS
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