Stocks resume upward journey after a day's break - Business
Positive contributions from stocks in cement, auto, power, fertiliser and oil marketing sectors collectively add 222 points to the index.
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Positive contributions from stocks in cement, auto, power, fertiliser and oil marketing sectors collectively add 222 points to the index.
The Monetary Policy Committee (MPC) is expected to maintain the status quo on policy rates for the fourth consecutive time in its October 4-6 review meeting. The incremental information available since its last meeting in August suggests that growth and inflation prints for the second quarter (Q2) of financial year 2023-24 (FY24) will exceed the committee's projections. However, the Consumer Price Index (CPI)-based inflation is expected to moderate in the second half (H2) of FY24.
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