Key Highlights
- The RBI Governor Sanjay Malhotra-headed Monetary Policy Committee (MPC) is expected to keep the repo rate unchanged at 5.50%.
- On Thursday, the Indian stock market ended higher, snapping its four-session losing streak, with the Nifty 50 closing above 26,000 level.
- The Sensex rose 158.51 points, or 0.19%, to close at 85,265.32, while the Nifty 50 settled 47.75 points, or 0.18%, higher at 26,033.75.
- “Markets are likely to remain in consolidation mode, though a potential rate-cut by the RBI could act as a strong short-term catalyst,” said Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd.
- Here are key global market cues for Sensex today: Asian markets traded lower on Friday following an overnight subdued trading session on Wall Street.
