A morning walk down Dalal Street | Nifty must consolidate above 10,782 to prevent further damage
Episode 1540, Aug 08, 2019, 01:30 AM
Nifty started off the day on a positive now but felt selling pressure at higher levels. The S&P BSE Sensex plunged nearly 300 points while the Nifty50 saw a dip of nearly 100 points.
The RBI policy stance is clearly pro-growth. The measures taken to increase flows to NBFCs are credit positive and will enhance lending, suggest experts but concerns over the health of the economy and the extent of further rate cut dented sentiment.