The Indian
benchmarks are likely to open on a flat note today, with a slight positive bias,
as suggested by SGX Nifty that was trading flat. Investors are disappointed with
RBI policy stance after apex bank left key rates unchanged in its bi-monthly
policy review on December 2. However, sounding more dovish than previous
monetary policy reviews, the RBI said that if the current inflation trend
persists and fiscal progress continues, a change in monetary policy stance is
likely early in 2015, a clear signal of a rate cut in the coming months. In the
US, stocks gained, with the key indices Dow, S&P 500 and Nasdaq ended
higher, as investors considered reports on car sales.
