The policy was on expected lines and turned out to be a non-event for the markets barring the realty sector with stocks gaining up to 7%. Following the policy experts came out with their views on the policy and its impact on equity and bond markets.
Overall, analysts maintain a positive yet cautious stance as Nifty 50 is set to retest its record high level, but there could be bouts of intra-day volatility. A possible breakout attempt for Nifty 50 above 22,150 could lead to an uptrend to inch towards 22,500+.
Gold rate today: Gold traded lacklustre on Wednesday, January 31, amid tepid global cues in anticipation of the upcoming outcome from the US Federal Reserve.
The US Federal Reserve is expected to keep benchmark interest rates unchanged on Wednesday, which is unlikely to have a significant impact on the domestic equity market.
US Federal Reserve keeps interest rates on hold, but sees two more small hikes in 2023. Fed aims for maximum employment and 2 per cent inflation in the longer run. Catch all the key takeaways from the Fed statement: