Top gainers, losers today: Tata Steel, Kotak Bank, Tata Motors, Suzlon; check full list here
Indian equities gain as investors are optimistic for a positive revision in the RBI's inflation forecast during the ongoing MPC meeting. Sensex surged by 0.56% to end at 63,142.96 while Nifty 50 ended at 18,726.40 up by 0.68%. Midcap and smallcap stocks continue to shine to new highs.
It was a cheerful day for Indian equities on Wednesday as investors prepare themselves for RBI's second bi-monthly monetary policy scheduled for June 8th. Experts believe traders are optimistic on RBI’s inflation forecast and economic growth. RBI is expected to maintain a status quo for the second time in a row. Also, foreign institutional investors (FIIs) turned net buyers after a brief halt which was another key contribution to the upside in markets. Midcap and smallcap stocks continue to shine to new highs.
Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!Let’s get started