Wednesday, 2 December 2015

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The S&P BSE Sensex started on a flat not, but was trading with a positive bias on Wednesday, led by gains in HDFC Bank, HDFC, Bajaj Auto, L&T, and Coal India.The Nifty50 was also trading comfortably above its crucial psychological support level of 7,950, supported by gains in pharma, metal, consumer durable, banks, and capital goods stocks. 

The Reserve Bank of India (RBI) kept its key lending rate unchanged on Tuesday, leaving the door open for more easing but making that dependent on meeting a challenging inflation target f‎or 2017.At its last meeting in September, the RBI slashed the repo rate by 50 basis points to 6.75 percent to boost growth.Tuesday's hold had been widely expected, after consumer inflation picked up to a four-month high of 5 percent in October and as emerging markets brace for a hike in U.S. interest rates.


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