Nifty likely to open flat; new RBI guv news may hold market up
Asian markets open mixed in the early trade as investors are cautious ahead of a speech from Federal Reserve Chair Janet Yellen at Jackson Hole on Friday.
The equity markets in India is expected to open flat on Monday. SGX Nifty was trading at 8690.50 up 2.50 points.
It was a week that belonged to the midcaps on Dalal Street. Bluechips ended the day but midcaps were at a record high. With Urjit Patel being announced the new RBI Governor, the wait was over. Patel will assume office as the 24th RBI governor for three years on September 5. Most experts believe his appointment as RBI governor will ensure policy continuity.
Asian markets open mixed in the early trade as investors are cautious ahead of a speech from Federal Reserve Chair Janet Yellen at Jackson Hole on Friday.
The equity markets in India is expected to open flat on Monday. SGX Nifty was trading at 8690.50 up 2.50 points.
It was a week that belonged to the midcaps on Dalal Street. Bluechips ended the day but midcaps were at a record high. With Urjit Patel being announced the new RBI Governor, the wait was over. Patel will assume office as the 24th RBI governor for three years on September 5. Most experts believe his appointment as RBI governor will ensure policy continuity.
