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BREAKING NEWS

Rate cut hopes, global cues buoy equity markets

01 Aug 2017

Mumbai Aug 1 (IANS) Expectations of a monetary policy easing coupled with hopes of healthy quarterly results and broadly positive global cues buoyed the key Indian equity indices -- NSE Nifty and BSE Sensex -- during the morning trade session on Tuesday.



According to market observers factors such as hopes of a lending rate cut by the Reserve Bank of India (RBI) in its next policy review meet on Wednesday enhanced investors risk taking appetite.

At 10 a.m. the NSE Nifty inched-up by 10.85 points or 0.11 per cent to 10 087.95 points.

The BSE Sensex stood at 32 537.31 points -- up by 22.37 points or 0.07 per cent.

--IANS
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