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#660 Daily Money Show | Money Purse Stock Market News
Original: # 660 Daily Money Show | Money Purse Stock Market News
Takeaway
RBI policy session day with positive close; midcap 100 looking expensive after 6-month run.
Summary
- RBI monetary policy committee meeting; market closed +364 to 66,995; Nifty +107 to 19,653.
- Midcap 100 index +37% over 6 months; identified as expensive vs largecap.
- Discussion of authorized category foreign currency transactions.
- Indian government manufacturing and retail initiatives; Smart Cities Mission ~Rs.67.9bn worth integrated command and control disaster recovery notifications.
- Last 27% sales mentioned in commercial sector; market valuation discussion.
rbimarket-newsmidcap
Original description
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