The RBI policy kicks out at 10 am up until then the market will be in wait and watch moment.
Global equities mixed to flat. The walls street handover the dow futures as well as the Asian market, so markets continue to be a bit of a cat on the wall.
Pfizer says the shipping vaccine will take longer than estimated as we thought it to come much earlier than this.
Today for us Monetary Policy will be important at 10 am, and at 12 am the governor is also going to hold the media conference. Both there can be market moving and therefore our senses would be like a wait & watch.
The September policy was so dovish, the market has a little bit of glitter whether it can be more dovish if it can't be then it's a little more hawkish then there can be a bit of sell-off in some of the rate sensitive.
Keeping in mind that there's a big overhang of those two heavyweights and apparently Rate sensitives like realty, NBFCs may be on tenterhooks.
HDFC bank in fact cant take a new credit card customer, it would be seen a little more.
Side away a question struck, will it start impinging?
Today the market seems to have more worries than exuberance as it steps into trading, the one exuberance point out is that FIIs numbers are again 3,600.
FIIs buyback at Rs.3,600 cr but may include HDFC life deal.
For now SGX Nifty is up 50 points, post that perhaps the buy on dips could resume because we saw that trend shape up yesterday as well as there was buying seen in a lot of Auto names.
Maruti was a big delivery volume yesterday, Reliance has once again seen a massive delivery volume of almost Rs.12,00 cr and on the dow side, we saw something like Infosys that saw a delivery volume of Rs.12,00 cr ending in the red.
DII sold Rs.1,440 cr in the cash market.
