Bank nifty futures tips & updates - The S&P BSE Sensex tumbled over 300 pts in trade on today following Asian markets of asia, which were trading lower on renewed worries regarding global economic growth.
The fall down in the index was led by losses in ICICI Bank, HDFC Bank, Axis bank, Infosys, HDFC and Reliance Industries Ltd.
The global investors are came back to being cautious with worries related to China & overall growth of the world wide economy. In such a situation all eyes are turned towards the Reserve Bank of India (RBI).
The fall down in the index was led by losses in ICICI Bank, HDFC Bank, Axis bank, Infosys, HDFC and Reliance Industries Ltd.
The global investors are came back to being cautious with worries related to China & overall growth of the world wide economy. In such a situation all eyes are turned towards the Reserve Bank of India (RBI).
Most analysts on Dalal Street expect the RBI to slash policy rates by atleast 25 bps later today, but markets will cheer if a surprise cut of 50 bps is announced by the RBI, say experts.
The 50-share Nifty index was also trading near its crucial psychological level of 7700, weighed down by losses in Pharma, banks, auto & metal stocks.
The 50-share Nifty index was also trading near its crucial psychological level of 7700, weighed down by losses in Pharma, banks, auto & metal stocks.
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