September 19, 2017

Indian equity ended up around 0.74% yesterday. The RBI kept the policy rate unchanged but slightly better than expected, trade deficit for the month of May saved the day. According to the government data released today India’s May trade deficit widened to $20.1 billion from $17.8 billion a month ago. In May the Gold and silver imports increased around 90% YoY to $8.4 billion last month but it is slower than an annual 138% surge in April.At the close, the benchmark 30-share index, BSE Sensex added 147.9 points or 0.77% at 19325.8. Meanwhile, the broad based NSE Nifty went up by 41.6 points or 0.72% at 5850.05.

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