The Reserve Bank of India s rate-setting committee will be meeting this week to announce policy rates and also give its commentary on the economy and inflation. D-Street is expected to track this bimonthly event.
"The market probably looked at global clues and fell yesterday. The Interim Budget was way beyond expectations of the market on fiscal consolidation. It still delivered inclusive growth and infrastructure investment. Net-net this is citizen s pride and peer s envy vote-on-account," said Dalal Street veteran Nilesh Shah of Kotak Mutual Fund.
US Fed meeting, corporate earnings, Budget, and several IPOs are likely to impact Dalal Street investors this week. “Going forward, global market factors like the policy rate decisions of major countries will affect the market, and markets are likely to witness stock-specific actions during the ongoing earnings season,” said Vinod Nair, Head of Research, Geojit Financial Services.