Business Standard

Thursday, December 19, 2024 | 07:17 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Derivatives strategies: Nifty near-term target at 12,200-12,300

The market consolidated with some profit-booking as the RBI delivered on a rate cut

Nifty
Premium

Devangshu Datta
The market consolidated with some profit-booking as the RBI delivered on a rate cut. There was some “good news” as the US pulled back from a threat of tariff hikes targeting Mexico. But, global news remained gloomy. Optimists hope this will induce the Federal Reserve to cut rates, or even opt for another round of quantitative easing. On the domestic front, the next major trigger may be the Budget.

The RBI cut rates for the third time in a row by 25 basis points and it promised an accommodative policy. However, the optimists were leveraged in hopes of a cut of

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in