File photo: RBI expected to reduce its most important credit rates with 25 basic points (BPS) for the third consecutive meeting in its policy decision
Indian shares will be opened higher on Friday, prior to the policy announcement of the Reserve Bank of India (RBI), whereby a rate reduction is generally expected.
The Gift Nifty Futures acted on 24,842 from 07:21 AM Ist, which indicates that the Benchmark Nifty 50 will open above the end of Thursday of 24,750.90.
The RBI is expected to reduce its most important credit rates with 25 basic points (BPS) for the third consecutive meeting in its policy decision at 10:00 am.
Although a reduction of 25 BPS is likely, markets are looking for a stronger growth fish of RBI to stimulate consumption and support domestic companies, said Divam Sharma, co-founder and fund manager at Green Portfolio PMS.
Although the GDP growth came to 7.4%for the fourth quarter, broadly in accordance with expectations, the gross added value, which came to 6.8%, better the state of the economy, according to HSBC.
The Nifty and BSE Sensex rose around 0.5%on Thursday, with rate-sensitive sectors such as Realty and Financials that led the profit.
The benchmarks are about 6% shy of the record highs at the end of September 2024.
Other Asian markets opened little, while Wall Street shares closed lower at night as a controversial dispute between US President Donald Trump and billionaire Elon Musk.
Published on June 6, 2025
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