The BSE Sensex and the NSE Nifty have fallen 5% in the past five sessions amid fear of rate hike by central banks globally and the headwinds in terms of higher crude prices and rising inflation.
The Sensex and Nifty are set to start the week on a bearish note, following negative cues from global peers, amid continuing fears of aggressive rate hikes and economic slowdown.
The Sensex and Nifty are set to open sharply lower on Friday, following negative cues from global peers and bearish trends at SGX Nifty futures.
The firm trading at SGX Nifty indicates a positive start for Sensex and Nifty on Wednesday. The Singapore Nifty futures were up 0.5% at 17,071 at 8:00 AM.
The Sensex and Nifty are set to start the day on a muted note, following mixed cues from Asian peers and a negative finish at Wall Street overnight.
The RBI is widely expected to maintain the status quo on interest rates, while it may revise the inflation forecast as well as growth projections for FY23.
The Sensex and the Nifty are seen opening higher on Tuesday, following positive cues from Asian peers and firm trading in Nifty futures on the Singapore Exchange.
This comes days after the banking regulator removed the cap on the rate of interest charged by microfinance NBFCs.
Inflation has exceeded RBI's comfort levels, forcing the central bank's hand to hike interest rates in line with its global peers.
World’s biggest hedge fund manager believes rate hikes will not be able to curb inflation either.
