The Indian market is likely to remain a bit
choppy on Friday morning, with investors awaiting the monetary policy review
from the Reserve Bank of India .
It is widely expected that the central bank
will hold rates steady. However, it is likely to give a boost of sorts to the
financial sector by unwinding some liquidity tightening measures.
In the event of the central bank surprising the
market with any rate cut, stocks may see a sharp rally during the course of the
session.
Data showing heavy buying by FIIs - they
reportedly bought shares worth a net Rs 3544 crore on Thursday - will lift
sentiment to a notable extent.
After Thursday's splendid upmove, a section of investors may turn cautious
and go in for some profit taking. Rate sensitive bank, automobile and realty
stocks will see plenty of action during the day.
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