Markets seem to be discounting the possibility that the US Federal Reserve Bank would postpone
the tapering of its monetary stimulus program. Markets will be watching the RBI policy meet on
Oct. 29. The earnings season has failed to cheer the markets so far. The juice in the current
uptrend appears to be getting over. But for the RBI meet on Oct. 29, there seems to be no big
negative surprises in the near future.
Given all these factors, Nifty may remain directionless for some time.
the tapering of its monetary stimulus program. Markets will be watching the RBI policy meet on
Oct. 29. The earnings season has failed to cheer the markets so far. The juice in the current
uptrend appears to be getting over. But for the RBI meet on Oct. 29, there seems to be no big
negative surprises in the near future.
Given all these factors, Nifty may remain directionless for some time.
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Crude Oil and Brent Oil April series are marginally up at $ 53.08 and $ 55.68 a barrel, respectively.
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