Nifty has broadly performed on a bullish note ahead of RBI’s monetary policy scheduled on Thursday. The benchmark is currently near the 18,730 level. But in the past five trading sessions, this 50-scrip index has gained by more than 1%. With RBI’s policy taking the limelight, Nifty and broadly the market sentiment is looking positive on June 8. Expectations are that Nifty may soon cross its lifetime high of 18,887.60, whether RBI’s policy will do the trick will be keenly watched.
It is expected that RBI will opt for a second-consecutive status quo in repo rate owing to the latest economic-inflation mix.