The Reserve Bank of India (RBI) is widely expected to slash rates by at least 25 bps on Tuesday. Market participants will also closely track the outcome of the assembly elections in five states.
"Next week you could see some amount of uptick before RBI steps in, but the overall market appears to be a little tired and I expect a correction of about 100-130 points. That will be the point to enter Nifty50," Sahil Kapoor, Edelweiss Securities, said in an interview with ET Now.
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"Next week you could see some amount of uptick before RBI steps in, but the overall market appears to be a little tired and I expect a correction of about 100-130 points. That will be the point to enter Nifty50," Sahil Kapoor, Edelweiss Securities, said in an interview with ET Now.
Source