Indian shares rose for a seventh straight session on Friday, in what could be their longest winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries Ltd and ICICI Bank Ltd. Sentiment was also upbeat after retail inflation eased to a five-month low in March, but remained above the central bank’s medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. “Ever since RBI (Reserve Bank of India) cuts its inflation trajectory, the equities have done well. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774Friday, 13 April 2018
Sensex Breaks 34,300, Nifty Retakes 10,500 As RIL, Bankers Rally
Indian shares rose for a seventh straight session on Friday, in what could be their longest winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries Ltd and ICICI Bank Ltd. Sentiment was also upbeat after retail inflation eased to a five-month low in March, but remained above the central bank’s medium-term target, supporting views that monetary policy is likely to remain unchanged at the next review in early June. “Ever since RBI (Reserve Bank of India) cuts its inflation trajectory, the equities have done well. For More Information Please Visit : www.paceresearchindia.com and Call : 8817774774
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment