Straight from the Specialists
(The views expressed in this column are the author’s own and do not represent those of Reuters)
There wasn’t much point-to-point movement on the Nifty but it was not a listless week by any standard.
The Reserve Bank of India (RBI) reduced the cash reserve ratio by 25 bps and left the repo rate unchanged at its policy review, disappointing markets which had been eyeing 5600 levels on Tuesday.
Another bout of weakness followed the next day before the market staged a recovery.