anil singhvi zee business
Credit Policy with Anil Singhvi: Why is market so happy with RBI announcement? Expert Ashu Madan explains
Fri, Dec 04, 2020
Zee Business Managing Editor Anil Singhvi dissects the announcements made by Governor Shaktikanta Das with the help of expert panel. So, first of all, investors should know that there is nothing negative in the Policy today nor there are any major positives, says Market Expert Ashu Madan, (Co-Head Business Affiliate Grp & MD of JM Financial Services). Significantly, he added, "Relevance of RBI Policy has reduced in the markets over a period of time. Since the market momentum is extremely strong on the upside, policy or no policy would have no impact on the markets.
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RBI Credit policy announcement boosts Sensex to record 45,000-pt mark; Market Guru Anil Singhvi reveals why
Fri, Dec 04, 2020
Anil Singhvi said that it was the 'accommodative stance' announced by RBI Governor till 31st March that boosted markets to a record high. This comment has been very positive for stock markets. Singhvi explains that this comment means that interest rates are not going to rise further till the end of financial year as indicated by RBI Governor. So, while Nifty is trading at all time high of 13250 level, Sensex has crossed the record 45000-pt level.
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