On Thursday, markets traded in positive territory after witnessing volatility in the previous sessions. Sentiment improved following news reports that the Government plans provide tax benefits to foreign portfolio investments under government securities, a move aimed at attracting foreign capital inflows and supporting the rupee. Analysts say Indian equities are likely to remain range-bound in the near term amid a mix of domestic and global developments. Investors will closely monitor the outcome of the RBI’s Monetary Policy Committee meeting 10am on Friday, which is expected to provide important cues on the interest rate, inflation outlook, economic growth and currency stability.
STATE OF THE MARKETS
