Repo, tariff talks to drive Dalal Street
MUMBAI: The direction of trading on Dalal Street in the new week could be decided by a host of factors, including the RBI policy decision on interest rates set for June 6, tariff-related developments, foreign funds' trading trends, and geopolitical developments, market players said.
On Friday, the sensex closed at 81,451 points, while Nifty closed at 24,853 points, marginally down for the week.
D-Street traders and investors are expecting a 25 basis points (100bps = 1 percentage point) cut in RBI's repo rate to 5.75%.
Tariff-related developments, after a US court stayed all executive orders related to US President Donald Trump's proposals and then an appeals court stayed the lower court order, market players feel there's still time for any clarity to emerge on this front. This uncertainty is expected to lead to volatility in the global market.
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