You are here: Home » Markets » News
Business Standard

Market waits for cues from RBI policy meet on Tuesday

Central bank's policy meet, foreign inflows, earnings expectations to set the trend for market this week

Press Trust of India  |  New Delhi 

Deutsche Bank cuts Sensex target to 28,000

Outcome of the Reserve Bank of India’s (RBI) policy review on Tuesday, foreign fund inflows’ trend and quarterly expectation will set the tone for the market this week, say experts.

"Rate cut and expectations will dominate trading sentiments this week. The next big event for investors is the monetary policy review. will announce the first bi-monthly monetary policy for 2016-17 on Tuesday.

"Hopefully, the upcoming monetary policy will provide the needed trigger for next directional move," said Vijay Singhania, Founder-Director, Trade Smart Online.

Read more from our special coverage on "STOCK MARKETS"

Apart from rate-cut expectations, investors will now also start building up expectation for the March 2016 earnings, he said.

is scheduled to announce its tentative financial result for the year ended March 31, on Thursday.

"The key event for the market is monetary policy review from Reserve Outcome of RBI's monetary policy, trend in global markets, investment by foreign investors, movement of crude oil prices will dictate trend of the market in near term," said Rohit Gadia, Founder & CEO, CapitalVia Global Research.

Also, Purchasing Managers' Index (PMI) data for services and manufacturing sectors are due this week, which would have a bearing on trading.

Meanwhile, snapping the four-week gains, the market ended with minor losses as the BSE benchmark Sensex fell 67.92 points to close at 25,269.64, while the NSE Nifty ended on a flat note slipping by a marginal 3.45 points and managed to hold the crucial 7,700-level.

First Published: Sun, April 03 2016. 12:15 IST