Following Friday’s rally, equity benchmarks may start the new week on a quiet note as indicated by the SGX Nifty futures, quoting 50 points below the previous close at 17,800.
This week, the Reserve Bank of India’s policy decision on Wednesday will be closely watched out by the Street. The central bank is expected to raise rates by a modest 25 basis points, as per a Reuters poll, following a gradual decline in CPI for November and December to below 6 per cent.
Wall Street ended lower on Friday following a strong jobs report that raised concerns over the Fed