Tuesday, 2 June 2015

Morning Summary, Market Synopsis: 2 nd May, 2015

Markets open flat ahead of RBI monetary policy: Markets have opened the session on a cautious note ahead of the RBI monetary policy review later during the day. The investors are expecting a rate cut from the central bank in order to revive the ailing economy. At 9.35 AM, the Sensex opened at 27,690 levels down by 158 points and the Nifty is quoting at 8,390 mark lower by 43 points. On the economic front, growth in the crucial core industries came in as a disappointment in the new fiscal, analysts said, with April being the second month of contraction with continued weakness in the demand led industries of steel and cement.

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