RBI MPC meeting: In the short term, Bank Nifty may encounter volatility; a breakout above 47,200 could propel the index towards 48,000. On the downside, support is positioned at 46,800.
The decline in oil prices is expected to provide a boost to the Indian equity market, especially the sectors that use crude oil as raw material. Conversely, some sectors can plummet, say analysts. A look at the sectors that would be impacted the most.
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