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The RBI's Monetary Policy Committee meeting should be the main factor guiding the domestic equity market on Wednesday, which will also follow specific actions, the rupee's movement against the US dollar, oil prices and FII flows. .
The RBI's rate-setting panel began its three-day deliberations on the first two-monthly monetary policy of 2019-2020 on Tuesday, while a 25-basis-point reduction in the key interest rate was planned to boost economic activities. The six-member CPP, led by RBI Governor Shaktikanta Das, will announce the meeting's resolution at around noon on Thursday.
On the global front, British Prime Minister Theresa May announced on Tuesday that she would seek a new "short" Brexit extension in order to finalize the agreement she had reached with the EU. European.
Japan's service-sector activity rose in March at a slightly slower pace than the previous month, due to slower growth in new business and business optimism, which was at a record low level for 18 months. The Markit / Nikkei Japan Services Purchasing Managers' PMI fell to 52.0 seasonally adjusted in March from 52.3 in February.
At home, the national stock market ended Tuesday in positive territory. The Sense Senbad B & S closed for the first time above 39,000 crucial points at 39,057 points, up 185 points or 0.48%. The Nifty50 index of the NSE closed at 11,713.
GLOBAL CUES
Asian stocks have been close to the heights of the last seven months on Wednesday, leaving global investors running out of steam following the strong rally seen earlier this week. The broadest MSCI index, composed of Asian equities outside Japan, rose less than 0.1% at the start of the Asian trading day. Australian equities rose 0.6%, while Japan's Nikkei stock index rose 0.2%.
Tuesday, the Dow Jones Industrial Average index fell 0.3% to 26,179.13 points, the S & P 500 index was stable and the Nasdaq composite index had risen 0.25 % at 7,848.69.
Oil prices rose for a fourth day on Wednesday, despite a report that US stocks unexpectedly rose last week, with supply cuts and market-friendly sanctions.
STOCKS IN FOCUS
Marico: The company expects an improvement in operating margin in the fourth quarter.
Mindtree: According to reports, L & T has made an offer in cash of 980 rupees per share to acquire 5.13 crores of shares representing 31% of the voting share capital of its shareholders. Mindtree also appointed Khaitan and Co as legal counsel and ICICI Securities as financial advisor to provide badistance with L & T's open offer.
Metropolis Healthcare IPO: Metropolis Healthcare open for toda subscription
Jet Airways: 15 more planes were stuck on the ground because of the non-payment of the contributions to the lessors.
Infosys: The Kuwaiti subsidiary Ahli United Bank orders an automation service.
Karnataka Bank: Karnataka Bank badociates with the life insurance company Bharti Axa for life insurance activities.
Forbes & Company: The company entrusted Paikar Real Estates Private Limited with 50% of the Vicinia project company to finalize the transaction.
Emami: The Delhi High Court dismissed an appeal by Hindustan Unilever Ltd. (HUL) to restrict the advertising of Emami Ltd., which allegedly infringed its fair trade mark Fair and Lovely, in addition to undermining to the brand, unfair commercial practices.
Tata Steel: S & P global ratings revise outlook on Tata Steel to become positive
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