A dovish money policy from the Reserve Bank of India, which maintained status quo on policy rates on the expected lines, failed to lift the spirits on Dalal Street on today, as the benchmark indices ended flat.
t its fifth bimonthly rate review, the central bank maintained a dovish tone in its commentary on the economy, scope & inflation for further cuts. "The Reserve Bank will use the space for further accommodation, when available, while keeping the economy anchored to the projected disinflation path that should take inflation down to 5 per-cent by March 2017," governor Raghuram Ji Rajan told through reports.
Done with the RBI policy review, the native equity market will now stay glued to any clue and the actual outcome of the 15-16th Dec rate-setting meeting of the US Fed Reserve.
BSE benchmark Sensex ended by 24 points, or 0.09 per-cent, higher at 26,169 while the 50-stock barometer Nifty50 closed with gains of 20 pts, or 0.25 per-cent, at 7,955. Gains in Dr Reddy's Labs & Vedanta helped the BSE benchmark remain in the positive territory.
t its fifth bimonthly rate review, the central bank maintained a dovish tone in its commentary on the economy, scope & inflation for further cuts. "The Reserve Bank will use the space for further accommodation, when available, while keeping the economy anchored to the projected disinflation path that should take inflation down to 5 per-cent by March 2017," governor Raghuram Ji Rajan told through reports.
Done with the RBI policy review, the native equity market will now stay glued to any clue and the actual outcome of the 15-16th Dec rate-setting meeting of the US Fed Reserve.
BSE benchmark Sensex ended by 24 points, or 0.09 per-cent, higher at 26,169 while the 50-stock barometer Nifty50 closed with gains of 20 pts, or 0.25 per-cent, at 7,955. Gains in Dr Reddy's Labs & Vedanta helped the BSE benchmark remain in the positive territory.
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