Tuesday, 13 January 2015

Intraday Trading Tips on Indian Nifty Market

Indian markets edged higher on Tuesday with sentiment getting a boost after global oil prices falling to six year low. The declining oil price has led to expectations of RBI rate cut early this year.

Uday Kotak, executive vice-chairman and managing director of the Kotak Mahindra Bank, in a tweet said, "As oil collapses deflation worries world. Good for India's macro but makes growth difficult. With Rupee stable time ripe for rate cut cycle."

At day's high, Sensex rose 85 points to 27,670 while Nifty edged above 8,350 levels.

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