Market to open in green ahead RBI policy meet

Indian Indices:

Market is expected to open in green on Tuesday tracking positive cues from the global markets. SGX Nifty is trading 28.00 points higher. 

the direction of Indian benchmark indices will be decided by the Reserve Bank of India policy meet today. Experts believe that the central bank will maintain the status quo through not announcing any change in the existing interest rates.

Indian markets rose on Monday, marking their highest intraday level in two weeks as traders churned positions in favour of defensive stocks, especially among drug makers, a day ahead of the central bank’s policy review. The S&P BSE Sensex and CNX Nifty ended at 0.86% respectiv.ely

On Monday (April 06, 2015), BSE Sensex rose 244.32 points or 0.86% to 28504.46 and the 50-share NSE Nifty climbed 73.65 points or 0.86% to 8659.90.

Global Market:

Asian stocks rose on Tuesday, following a positive lead from Wall Street, while the dollar held onto its gains after rebounding against the euro and yen on higher U.S. Treasury yields.

U.S. stocks rose on Monday as expectations the Federal Reserve could hold off longer on raising U.S. interest rates offset concerns over Friday’s surprisingly weak monthly jobs report. 

European market were closed on April 06, 2015

Major Headlines of the day:

Cairn India sues govt over Rs20494 cr tax demand

Bosch declares lockout at Jaipur Unit.

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