Market update: The equity benchmarks are in the green in the light of positive global sentiment. Besides, investors are awaiting the RBI MPC outcome on February 6 in which a status quo on key rates is broadly expected.
“Expect the accommodative policy to continue. Pause in rate cut to continue. No possibility of rate hike even though inflation is rising. Inflation will come down due to a decline in onion inflation,” said V K Vijayakumar, Chief investment strategist at Geojit Financial Services.
Around 11:50 hours IST, Sensex was 137 points up at 40,926, while NIfty was 35 points up at 12,015.
News Source:- Moneycontrol