Friday 14/06/2013 on the last trading day of market, American Market closed in down session with the decrement of 0.75%. After gained the more increment on Thursday Friday American market closed in Red side. On other side Indian Share Market Closed with Green side on Friday, SENSEX Closed with the increment of 351 points and Nifty closed at 5,808.40.
RBI Mid quarter monitory policy may be come on Monday 17th June. In which we assume that RBI may be cut in CRR rate by 0.25%, it’s directly effect on Market basically on bank Nifty. Bank Nifty the Broader index for banking stocks, rose more than 2% to the closing day of that week on Friday at 11,909 up by 222points.
In a down session Bank Nifty dropped nearly 5 percent compared with NSE benchmark index CNX Nifty that was fall around 3 percent. But after coming RBI Monitory policy in which it cut Cash Reserve Ratio or Repo Rate that it increase in its previous policy so now expectation is that Bank nifty may be goes down by 4-5%.
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