16 June 2011

Nifty down ahead of RBI policy

Equity benchmarks tumbled more than half a percent in the opening trade following fall in global markets, reacting to Greek debt problems. Greece's prime minister offered to quit and make way for a national unity government.

Another worry for the market is likely hike in repo rates today by the RBI in its policy meeting. The Nifty still holds the 5400 level.

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