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RBI To Announce Interest Rate Decision At 2:30 PM,Expected To Keep Rates Unchanged

By Shailesh SarafMarket OverviewDec 06, 2017 09:00
in.investing.com/analysis/rbi-to-announce-interest-rate-decision-at-230-pmexpected-to-keep-rates-unchanged-200199158
RBI To Announce Interest Rate Decision At 2:30 PM,Expected To Keep Rates Unchanged
By Shailesh Saraf   |  Dec 06, 2017 09:00
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Today RBI is set to announce its interest rate decision at 2:30 PM and expected to keep rates unchanged. Repo rate currently stands at 6%, Reverse Repo rate stands at 5.75%, Marginal Standing Facility is at 6.25% and Cash Reserve Ratio stands at 4%. All eyes will be on Repo rate as it directly gives advantage to the borrower; if RBI reduces Repo Rate market will have positive impact. However expectations are that RBI may keep its rates unchanged.

The NSE Benchmark Index Nifty has corrected more than 300 points from its recent high of 10410 made on 28th Nov and made a low of 10069 in last trading session. The major players, FII and PRO have built huge short position of 400536 contracts in Index Options in last few days. In yesterday’s trading session, they have made a short position of 12423 contracts.

Yesterday bench mark index opened and closed at 10118 after making a low 10069. The Cash Market Benchmark Index Small Cap also has given a correction of 415 points from its recent high of 8823 made on 1st Dec and made a low of 8408 yesterday. If the Index trades below 8408, then the next level will be its Month 1 low of 8247.

Nifty Future is opening gap- down by 44 points against yesterday close of 10146 as indicated by SGX Nifty which is currently trading at 10099.

Sector Performance from Day’s low on 5th Dec

Sector Performance
Sector Performance

Top performing Smallcap stocks from performing sectors on 5th Dec

Top performing smallcaps
Top performing smallcaps

NIFTY OUTLOOK & OPEN INTEREST IN INDEX OPTION
FII and PRO in combined have sell positions of 400536 contracts in Index Options. In last 10 days, they have sold 183845 contracts.
Nifty Open Interest
Nifty Open Interest

Cash Market Data
In last 10 days, FII and DII in combined have bought stocks worth Rs. 73.59 Crore in cash segment.
Cash market data

Upcoming Results

Upcoming Results
Upcoming Results

Disclaimer: There is no guarantee of profits or no exceptions from losses. The investment advice provided are solely the personal views of the research team. You are advised to rely on your own judgment while making investment / Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read andunderstand the Risk Disclosure Documents before trading/Investing.

RBI To Announce Interest Rate Decision At 2:30 PM,Expected To Keep Rates Unchanged
 

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RBI To Announce Interest Rate Decision At 2:30 PM,Expected To Keep Rates Unchanged

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